Oil Near $90 Leaves Nasdaq Futures Down 0.5% Before ADP Data

Nasdaq-100 futures fell 0.52% below settlement early Wednesday. Oil near $90 and a Treasury yield above 4.8% kept pressure on growth shares.

NEW YORK, September 2, 2026, 07:00 EDT —

  • September Nasdaq-100 futures stood at 28,973 at 06:54:27 EDT, down 0.52% from settlement.
  • S&P 500 futures lost 0.24%; Dow and Russell 2000 contracts fell 0.14% and 0.28%.
  • Nasdaq futures added one point during the available 06:00–06:54 interval.
  • WTI held at $90.28 while the U.S. 10-year yield was 4.812%.

Nasdaq-100 futures fell 0.52% below settlement early Wednesday. Oil near $90 and a Treasury yield above 4.8% kept pressure on growth shares.

September Nasdaq futures stood at 28,973 at 06:54:27 EDT. The nearest delayed reading put S&P futures down 0.24% Yahoo Finance.

Dow and Russell 2000 contracts lost 0.14% and 0.28%. That left every major U.S. equity-futures benchmark below settlement.

Nasdaq futures: the available last hour

September E-mini Nasdaq-100 futures, index points

Nasdaq-100 futures from 06:00 to 06:54 EDT The contract gained one point over the available interval after dipping at 06:45. 28,99028,97528,960 28,973 06:0006:1506:3006:4506:54
Source: Yahoo Finance delayed CME data

Crucially, selling did not accelerate in the latest hour. Nasdaq futures gained one point from 06:00, while S&P futures lost one.

Futures pressure across three windows

Change from settlement, from the 04:00 premarket opening, and over the available 06:00–06:54 interval

Nasdaq-10028,973.00
−0.52%settlement
−0.28%since 04:00
+0.00%last hour

78,108 contracts

S&P 5007,624.25
−0.24%settlement
−0.16%since 04:00
−0.01%last hour

124,860 contracts

Dow52,754
−0.14%settlement
−0.16%since 04:00
−0.00%last hour

7,920 contracts

Russell 20002,916.60
−0.28%settlement
−0.30%since 04:00
−0.08%last hour

16,582 contracts

As of 06:54 EDT. Sources: S&P 500, Nasdaq-100, Dow and Russell 2000 delayed CME quotes.

Activity remained concentrated in the broad contracts. S&P futures logged 124,860 contracts, versus 78,108 for Nasdaq futures.

WTI crude was $90.28 at 06:54 EDT. The U.S. 10-year yield stood at 4.812% after U.S.-Iran clashes revived inflation concerns Reuters.

“It’s been a ping-pong match on rate expectations,” Significance Capital CEO Ryan Isherwood said. He considered a pre-election rate increase unlikely.

Premarket sector breadth was mixed and thin. Five of 11 sector SPDRs rose, four were unchanged, and two fell.

Sector ETF pulse

Change from Tuesday’s close; latest trades available by 07:05 EDT

Energy
+0.48%
Health care
+0.18%
Communications
+0.12%
Discretionary
−0.06%
Materials
−0.13%

Eleven-SPDR sample: 5 higher, 4 unchanged, 2 lower. Sources: XLE, XLV, XLC, XLY and XLB.

Energy led that proxy at 0.48%, while materials lagged by 0.13%. Sparse prints make those indications less robust than futures.

Earnings created much larger single-stock gaps. GitLab Inc. NASDAQ:GTLB rose 19.3%, while MongoDB Inc. NASDAQ:MDB dropped 14.3%.

Post-earnings gaps

Premarket change from Tuesday’s regular close at 07:05 EDT

GitLab NASDAQ:GTLB$53.81+19.34%

Revenue +21%; net ARR growth exceeded 40%

Dell NYSE:DELL$456.20+7.34%

Revenue +58%; full-year outlook raised to $192 billion

MongoDB NASDAQ:MDB$372.30−14.26%

Revenue +30%; shares reversed despite higher full-year guidance

Prices: GTLB, DELL and MDB. Financial results: company releases.

GitLab reported 21% revenue growth and net annual recurring revenue growth above 40%. Its fiscal-year revenue outlook reached $1.129 billion to $1.133 billion company release.

Dell Technologies Inc. NYSE:DELL gained 7.3% by 07:05 EDT. Quarterly revenue rose 58%, and Dell raised full-year guidance to $192 billion company release.

MongoDB’s selloff came despite 30% revenue growth. Management lifted full-year revenue guidance to $2.99 billion–$3.03 billion company release.

The next macro test arrives quickly. ADP employment data is due at 08:15 EDT, followed by manufacturing orders at 10:00 EDT New York Fed calendar.

Tuesday’s cash session left the Nasdaq Composite down 1.03% and the S&P 500 down 0.71%. The muted final premarket hour showed caution, not capitulation.

Risks: Delayed futures and thin premarket trades can move sharply before the open. Oil headlines or the ADP release may quickly overturn this snapshot.

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech. Her coverage ranges from stocks and technology to emerging industries and developments across global markets. She studied economics and finance at the London School of Economics and worked in market research before becoming a financial journalist. Follow Khadija Saeed on Google News.

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