US Stock Futures Fall Further
2026-09-10 12:46
By
Andre Joaquim
1 min. read
US equity futures fell further as a hot PPI and a surge in oil and fuel prices further lifted Treasury yields.
Contracts for the S&P 500 and the Dow fell 0.5% and those for the Nasdaq dropped 1.1%.
Producer prices jumped 0.4% from the previous month in August as the war in Iran lifted wholesale energy prices.
Oil and fuel benchmarks have gained further since the start of September on fresh escalation in the war and the increase in buying from Asia, adding to pressure on equities amid the possibility of a Federal Reserve rate hike next week.
Chip producers fell amid their exposure to surging long-dated credit costs, with Marvell, Intel, and Lam Research down 3% premarket.
Nvidia dropped 1% and Oracle fell 1.5% ahead of its earnings after the bell.
Meanwhile, Apple inched higher to pare yesterday's losses after it announced the release of a series of new products, including the foldable iPhone Duo.