US stock futures are pointing lower into the open as a relentless climb in oil and the highest 10-year Treasury yield since 2023 revive inflation worries — just as traders brace for CPI and PPI later this week. The single biggest overnight driver: Brent crude topping $100 a barrel after US–Iran tensions escalated.

Futures now

• Dow −266 pts (−0.50%), S&P 500 −0.32%, Nasdaq-100 −0.47% (Investrade morning preview / QuoteMedia).
• Follows Tuesday's losses: S&P 500 −0.58% to 7,673.52, Dow −1.18% to 52,786.07, Nasdaq Composite −0.32% to 26,421.41, Russell 2000 −0.52%.

Why: oil & yields

Brent tops $100 (WTI ~$95) after CENTCOM said US forces destroyed five Iranian crude carriers on Sept. 8, following IRGC missile attempts on a US Navy warship. The US 10Y yield sits near 4.81% — its highest close since 2023 — lifting inflation and margin fears. The dollar is near a 7-month low as the yen rallies. Gold eased slightly to ~$4,438/oz. (Sources: Investrade, Yahoo Finance, CNBC.)

Movers & events

• Apple (AAPL) holds its annual iPhone event this afternoon — the first under new CEO John Ternus. A foldable iPhone (possibly $2,000+), iPhone 18 Pro upgrades and new Apple Watches are expected.
• Chime (CHYM) to acquire Stride Bank for $590M and raised Q3 guidance. Sysco (SYY) unveiled a $500M AI cost program. Google (GOOGL) committing €13B to AI infrastructure in Finland. ServiceTitan and Braze fell on guidance.
• Barclays lifted its S&P 500 year-end target to 7,950 from 7,800.

Earnings today

Before the open: Chewy (CHWY), Academy Sports (ASO), Signet (SIG), Caleres. After the close: American Eagle (AEO), AeroVironment (AVAV), Cooper Cos (COO), Skillsoft. The week's marquee AI print, Oracle (ORCL), is due Sept. 10 (options imply an ~11% swing).

Macro today

A light data day ahead of this week's inflation reports: MBA Mortgage Applications (7:00 ET), ICSC & Redbook weekly retail sales, a 10-year Treasury note auction (1:00 ET) — closely watched given the yield backup — and API weekly oil inventories after the close. Note: the EIA petroleum status report is delayed to Thursday (Sept. 7 federal holiday). CPI and PPI land later this week and are the real catalysts.

Global context

Asia mixed (Nikkei −0.2% to 65,142; Shanghai +0.3%; Hang Seng −0.2%). Europe lower (DAX −1.3%, FTSE 100 −0.6%). China's Aug CPI rose 0.8% y/y and PPI 3.8% y/y. The US also escalated a trade dispute with Canada, with new import bans and 50% tariffs on some goods from Sept. 29.

What to watch at the open

Watch whether oil holds above $100 and whether the 10Y pushes further past 4.8% — both would keep pressure on rate-sensitive tech and pre-position the tape defensively into CPI. The 1:00 ET 10-year auction is a real-time read on appetite for duration at these yields. And Apple's event could swing sentiment across the megacap complex into the afternoon.

As of 09:10 ET, Sep 9, 2026. Sources: Investrade Morning Preview, Yahoo Finance, CNBC, Trading Economics. Automated US market brief for discussion and education only — not investment advice. Verify before acting.