NEW YORK, September 3, 2026, 07:08 EDT — Oil climbed to over $92 a barrel, gaining more than 2%, while Nasdaq futures declined before markets open on Thursday.
- WTI crude rose 2.02% from Wednesday’s close to $92.85 at 06:47 EDT.
- Futures for three out of four key U.S. equity indexes declined, with Nasdaq-100 futures slipping 0.21 percentage point in the last hour.
- Shares of Snowflake Inc. NYSE:SNOW gained 23.82%, while Ultragenyx Pharmaceutical Inc. NASDAQ:RARE fell 44.03% as of 07:05 EDT.
The spike in oil prices wiped out gains earlier fueled by artificial intelligence earnings. The tech-focused contract finished 0.20% below its previous settlement.
Nasdaq-100 and S&P 500 futures started the premarket session mostly unchanged, then slipped after oil futures rose by $1.11 in the hour leading up to 07:00 EDT.
Futures lost ground during the preceding hour
Percent change from settlement, with the one-hour swing shown in percentage points.
Latest delayed quotes span 06:23:17–06:35:45 EDT. Current chart as of . Prior-hour comparison uses the 05:26–05:52 EDT snapshot. Source: Investing.com index futures.
Dow futures remained in positive territory, rising 0.02%. Total volume on the four contracts stood at 202,672 at their most recent delayed readings.
WTI drove the key movement across assets, with the October contract rising 1.21% from 05:47 to 06:47 EDT.
WTI added $1.11 in the final hour
October 2026 contract, dollars per barrel.
Source: Investing.com WTI futures. Latest quote at September 3, 2026, 06:47:46 EDT.
The contract was trading 3.6% higher than its overnight trough. Fresh U.S.-Iran clashes kept energy risk prominent, even after initial declines AP.
Energy was the strongest among sector indicators near the cutoff. Technology trailed, as higher oil pressured long-duration valuations.
Stock breadth stayed positive, but energy led technology
1.42-to-1 advance-decline ratio across 1,801 traded U.S. listings
Delayed premarket snapshot retrieved September 3, 2026, 07:04:39 EDT. Reported share volume was 211.6 million; one microcap supplied 46.5%. Source: TradingView U.S. premarket scanner.
Single stocks showed significantly wider swings compared to the major indices. Quarterly results and clinical trial updates led to a 67.8-point gap separating Snowflake from Ultragenyx.
Company news overwhelmed the index move
Premarket prices retrieved September 3, 2026, 07:05:14 EDT. Source: TradingView U.S. premarket scanner.
Snowflake posted quarterly product revenue of $1.49 billion, an increase of 37%. Remaining performance obligations climbed 30% to $9.00 billion SEC filing.
Ultragenyx reported that Aspire did not achieve its main or major secondary goals. Chief Executive Emil Kakkis described the outcome as “disappointing” company release.
Broadcom Inc. NASDAQ:AVGO projected fourth-quarter revenue of $34.8 billion. CEO Hock Tan stated that demand for custom accelerators and networking products was “very strong” company release.
Investors will look to jobless claims and trade figures at 08:30 EDT, with ISM services data scheduled for release at 10:00 EDT New York Fed calendar.
Risks: Liquidity in premarket trading is still limited, with futures prices showing delays. Energy sector news or unexpected economic developments may shift these trends before markets open.
