NEW YORK, September 3, 2026, 08:00 EDT — U.S. crude prices climbed above $92 per barrel, highlighting a divide in U.S. futures trading as the Nasdaq underperformed the Dow.
- WTI crude gained 2.14% to reach $92.96, while Nasdaq-100 futures slipped 0.26%.
- Dow futures rose 0.18%, with a 0.13% increase in the final hour.
- Snowflake NYSE:SNOW surged 23.5%, as NetApp NASDAQ:NTAP dropped 9.3% and Broadcom NASDAQ:AVGO slipped 3.6%.
WTI crude traded above $92 ahead of the market open on Thursday. Nasdaq-100 futures slipped 0.26%, as Dow futures increased 0.18%.
The division is significant as higher oil prices may reignite inflationary concerns. The 10-year Treasury yield stayed close to 4.8%, increasing the discount rate applied to growth stocks Associated Press.
After 04:00 EDT, the premarket session saw declines. Nasdaq-100 futures slipped 0.46% by the cutoff, with Dow futures little changed.
Equity futures split at the cutoff
Change from the previous Yahoo chart close. Bars left of zero show declines.
As of . Source: Yahoo Finance one-minute charts, symbols ES=F, NQ=F, YM=F and RTY=F. Figures are delayed.
There was modest support in the last hour. Dow futures climbed 0.13%, and Russell 2000 futures gained 0.16%. Nasdaq futures, however, eased 0.03%.
WTI futures climbed to $92.96 at 07:59:35 EDT, marking a 2.14% rise compared to the previous close. Brent traded at $97.09, up 1.53%.
Oil accelerated after 04:00 EDT
Percentage change from each contract’s 04:00 price.
As of . Source: Yahoo Finance one-minute charts, CL=F and BZ=F. The Associated Press linked the move to renewed U.S.-Iran fighting.
Corporate earnings increased the market’s internal divide. Snowflake Inc. NYSE:SNOW surged 23.5% from Wednesday’s close. Broadcom Inc. NASDAQ:AVGO slipped 3.6%, while NetApp Inc. NASDAQ:NTAP declined 9.3%.
Snowflake increased its product-revenue outlook for fiscal 2027 to $6.07 billion, up from $5.84 billion. Chief Executive Sridhar Ramaswamy said product revenue grew 37% to $1.49 billion SEC filing.
Broadcom posted $16.7 billion in quarterly revenue from AI semiconductors. Chief Executive Hock Tan stated it “grew 221% year-over-year” company release. The share price fell, indicating that even this growth was not enough to satisfy expectations.
NetApp reported a 30% rise in revenue to $2.03 billion. The company also lifted its full-year revenue outlook to a range of $7.98 billion to $8.23 billion company release.
Strong growth, sharply different price reactions
Premarket move versus Wednesday’s close; blue bars show the disclosed year-on-year growth metric.
Snowflake
+23.5%Product revenue growth: 37%Broadcom
−3.6%AI semiconductor revenue growth: 221%NetApp
−9.3%Total revenue growth: 30%Prices as of : Yahoo Finance one-minute premarket charts. Operating metrics: Snowflake, Broadcom, and NetApp.
Energy, communication services and materials sector ETFs outperformed, while technology trailed in line with weaker Nasdaq futures. These ETFs serve as proxies and do not represent full market breadth.
Sector proxies show a 1.10-point spread
Available premarket ETF prints versus Wednesday’s close.
Available prints through . Source: Yahoo Finance. Thin premarket ETF trading may not represent the cash-session open.
A comprehensive premarket advance-decline total was not accessible at the cutoff. Trading volume across the four index-futures contracts reached 96,850 contracts from 04:00. Of that, 26,354 contracts were traded during the last hour.
Upcoming data at 08:30 EDT includes figures on jobless claims, trade, and updated productivity. The ISM services report is due at 10:00 New York Fed calendar.
Risks: Limited premarket liquidity can skew ETF and single-stock readings. Headlines about oil or the 08:30 data release may override these signals prior to the market open.
Related articles: NASDAQ:AVGO
