NEW YORK, September 3, 2026, 06:00 EDT — Oil prices moved back above $91, as tech futures gave up earlier advances in initial Wednesday trading.
- WTI crude rose to $91.74 at 05:47 EDT, marking a 0.8% increase from the previous day’s close.
- Nasdaq-100 futures slipped from gaining 0.2% at 04:30 EDT to a 0.01% increase by 05:26 EDT.
- Snowflake NYSE:SNOW surged 23% ahead of the bell, as Broadcom NASDAQ:AVGO declined 2% and Hewlett Packard Enterprise NYSE:HPE dropped 5%.
By 06:00, U.S. technology futures had given up the majority of their initial gains. Meanwhile, WTI crude recovered and climbed above $91 per barrel.
The division left growth stocks vulnerable to interest rate changes. The rebound in oil prices renewed inflation concerns, adding pressure to bonds during the week.
Out of four monitored equity contracts, three remained above settlement. The Dow outperformed, as the small-cap Russell 2000 contract slipped into negative territory.
Futures breadth narrowed before dawn
Change from Wednesday’s settlement; prior-hour change compares the 04:30 EDT snapshot with each latest delayed quote.
As of . Latest contract quotes span 05:26:07–05:52:38 EDT. Volumes: S&P 87,336; Nasdaq 78,828; Dow 6,423; Russell 9,750. Sources: Investing.com S&P futures, Nasdaq futures, Dow futures, Russell futures, and the 04:30 EDT market snapshot.
S&P 500 futures were at 7,681.75, a rise of 0.07%, as of 05:33 EDT. Seven minutes prior, Nasdaq-100 futures were little changed at 29,189.75.
The last hour saw a pronounced decline. Nasdaq futures slipped 0.19 percentage point from their 04:30 increase, and Russell futures dropped 0.17 point.
WTI erased its overnight decline
Dollars per barrel, October 2026 contract.
Source: Investing.com WTI futures, as of September 3, 2026, 05:47:33 EDT.
WTI rose to $91.74 at 05:47 EDT, after earlier dropping to $89.60. The 2.4% swing during the session outweighed its small gain at settlement.
The increase in oil prices came after three robust sessions amid renewed clashes between the U.S. and Iran. A decline in the dollar along with lower Treasury yields provided some support for equities.
Earnings created a 28-point mover spread
Premarket moves at about 04:30 EDT. Source: Yahoo Finance/Stocktwits market report.
Corporate news triggered a much broader dispersion compared to index futures. Snowflake surged 23%, while Broadcom and HPE both fell.
Broadcom projected fourth-quarter revenue of $34.8 billion. Bloomberg data referenced by Yahoo Finance showed the average analyst estimate was approximately $35.1 billion.
Chief Executive Hock Tan stated that demand for custom accelerators and networking continues to be “very strong.” Broadcom forecasts AI chip revenue of $21.7 billion for this quarter Broadcom release.
Investors turned their attention to the outlook, which limited gains in the Nasdaq contract even as Snowflake surged significantly higher.
The next four pricing tests
Schedule source: Federal Reserve Bank of New York economic calendar. Times are EDT.
The next data releases are scheduled for 08:30 EDT, featuring jobless claims and trade figures. Services sector surveys are due at 09:45 and 10:00 EDT.
Risks: Futures prices show delays and premarket liquidity remains limited. New developments from Iran or unexpected data may quickly shift oil and equity trends ahead of the open.
