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Wall Street Futures Decline as Oil Prices Surge Amid West Asia Conflict, Nasdaq Falls 1%
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Moneycontrol•24-09-2026, 18:11
Wall Street Futures Decline as Oil Prices Surge Amid West Asia Conflict, Nasdaq Falls 1%
- •Wall Street futures declined Thursday evening due to rising oil prices amid the ongoing West Asia conflict and caution ahead of the Trump-Xi summit.
- •Brent crude prices surpassed USD 100 a barrel after US and Iranian leaders exchanged barbs at the UN General Assembly.
- •Nasdaq futures fell up to 1 percent, Dow futures declined 0.24 percent, and S&P 500 futures dropped 0.46 percent.
- •The 30-year Treasury bond yield reached its highest level since 2004, signaling expectations of prolonged war and higher borrowing costs.
- •Indian stock markets tumbled, with Sensex tanking nearly 1,248 points to a three-month low, and Nifty dropping 383.70 points.
Key Questions Answered
Wall Street futures and Asian stock markets declined as oil prices rose above USD 100 a barrel due to ongoing conflicts in West Asia, alongside investor caution ahead of a summit between US President Donald Trump and Chinese President Xi Jinping.
Indian stock markets tumbled significantly, with the Sensex plunging nearly 1,248 points to an over three-month low at 73,580.54, and the Nifty dropping 383.70 points to a more than five-month low of 23,063.10.
The yield on the 30-year Treasury bond reached its highest level since 2004 as markets priced in the likelihood of a prolonged war and higher borrowing costs.
