Nasdaq futures remain subdued as oil steadies near $92

Nasdaq-100 futures dropped 0.28% in the hour leading up to Tuesday's premarket, with the contract last at 29,441.75 before 04:00 ET. Brent crude hovered around $92, as heightened tensions between the U.S. and Iran fueled concerns over supply.

NEW YORK, September 1, 2026, 04:00 EDT

  • Nasdaq-100 futures dropped 0.28% from 03:00 ET until shortly before their final trade prior to 04:00 ET.
  • Brent rose 1.46% to $91.81 compared to its last close, and WTI increased 1.48% to $87.03.
  • Premarket trading ran from 04:00 to 04:00 ET, resulting in no full minutes during that period.

Nasdaq-100 futures dropped 0.28% in the hour leading up to Tuesday’s premarket, with the contract last at 29,441.75 before 04:00 ET. Brent crude hovered around $92, as heightened tensions between the U.S. and Iran fueled concerns over supply Nasdaq-100 futures; Reuters.

The development draws focus to inflation and interest rates. An increase in oil prices may postpone relief for consumers and limit the Federal Reserve’s room to loosen policy.

The snapshot was captured at the 04:00 ET premarket open, prior to the completion of any full minute in the live session. As a result, consolidated cash-equity breadth and volume figures were not yet available.

U.S. index futures: the hour before premarket

Change from 03:00 ET, percent

+0.10%0.00%−0.10%−0.20%−0.30%03:0003:2003:4004:00 ET S&P −0.12%Nasdaq −0.28%Dow −0.12%
S&P 500 E-miniNasdaq-100 E-miniDow E-mini

Source: Yahoo Finance delayed CME futures data. Last available trades before the cutoff; figures rounded.

S&P 500 futures slipped by 0.12% in the last hour. Dow futures dropped the same amount, down 0.12%. Futures for the Russell 2000 edged down 0.16%, positioning small caps between the broader market and tech stocks.

Oil prices showed more direction. Brent gained 1.46% over the previous close, ending at $91.81. WTI increased 1.48% to settle at $87.03. Gold dropped 0.31% Brent; WTI.

Cross-asset pressure at the cutoff

Futures versus previous settlement; Treasury move is Monday versus Friday

Brent crude$91.81+1.46%
WTI crude$87.03+1.48%
Nasdaq-100 futures29,441.75−0.24%
S&P 500 futures7,690.50−0.11%
Gold futures$4,467.60−0.31%
10-year Treasury4.758%+3.8 bp

Sources: Yahoo Finance futures and AP. Prices are the latest available at 04:00 ET.

Renewed clashes have increased risks to Gulf energy infrastructure, and vessel traffic passing through the Strait of Hormuz remains well below typical volumes. KCM analyst Tim Waterer stated these concerns were “reflected in the firmer tone in crude prices” Reuters.

On Monday, the market continued recent trends. The S&P 500 ended down 0.33% at 7,686.14. The Dow lost 0.70%, and the Nasdaq Composite eased 0.12% AP.

Market breadth lagged headline index movements. On the NYSE, declining stocks outnumbered advancers by 1.95 to one. There were 234 stocks reporting new lows, compared to 112 posting new highs Reuters.

Monday’s sector split

Selected S&P 500 sector ETF proxies, close-to-close

DeclineGain Energy · XLETechnology · XLKDiscretionary · XLYIndustrials · XLIUtilities · XLUCommunication · XLC +2.04%+0.44%−0.53%−1.13%−1.17%−1.35%

Source: Yahoo Finance. SPDR sector ETF adjusted closes, August 31, 2026.

The Energy Select Sector SPDR rose 2.04%, leading all sectors. Out of 11 sector trackers, nine ended lower, while communication services recorded the largest drop.

The divide was reflected in stock performance. Edison International (NYSE:EIX) dropped 23.1%, and PG&E slipped 20.1%. Shares in Exxon Mobil advanced 2.7%, while Chevron added 2.1% AP.

The contrast is more pronounced than the slight decrease in futures. Oil producers see an immediate boost in revenue, while most other industries face rising expenses for fuel, shipping or financing.

Markets are set for important economic data on Tuesday. The final manufacturing PMI is due at 09:45 ET. JOLTS job openings, ISM manufacturing data, and construction spending statistics will follow at 10:00 ET New York Fed calendar.

Next U.S. pricing catalysts

Scheduled release times, Eastern Time

Final manufacturing PMIFirst national factory read
JOLTS job openingsJuly labor-demand signal
ISM manufacturingOrders, prices and employment
Employment SituationAugust payrolls and unemployment

Sources: Federal Reserve Bank of New York and BLS.

The main rates test comes on Friday as employment data is published at 08:30 ET. Robust jobs numbers could increase oil’s impact on inflation BLS.

Risks: Futures could see heightened volatility as limited early trading volumes take effect. Oil prices face the potential for rapid declines if diplomatic advances are made or tanker traffic flows more easily.

The first question is sharply focused. Investors should watch if oil holds close to $92 as liquidity returns. If that is the case, technology could underperform initially.

Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He worked in investment research and market analysis before becoming a financial journalist and is a graduate of the Lahore University of Management Sciences (LUMS).

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