ranjeet_singh
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US Market Brief — Aug 18, 2026 | Futures, movers & what to watch

US market brief

US stock futures are lower before the open as a fresh jump in crude oil on renewed US–Iran tensions revives inflation worries and pushes Treasury yields to multi-year highs. Tech is bearing the brunt, with Nasdaq-100 futures leading the major indexes down.

US futures now

  • S&P 500 futures 7,729.25 (-0.51%), Dow futures 53,492 (-0.10%), Nasdaq-100 futures 29,762.75 (-1.11%). VIX 15.88 (+4.5%). (Yahoo Finance, ~9:10 ET.)
  • The single biggest overnight driver: oil. President Trump vowed more economic pressure on Iran and threatened Oman over the Strait of Hormuz, sending crude to two-week highs and lifting yields.

Pre-market movers

  • Mega-cap tech soft — the -1.1% Nasdaq futures drop points to broad pressure on the group as yields rise. Meta closed -3.5% Monday amid a 29-state AG suit over data practices and AI-strategy questions (Benzinga/Yahoo).
  • Nike (NKE) hit a fresh 52-week low near $39, underperforming the market (Benzinga).

Earnings today

Home Depot (HD) reports before the bell — consensus ~$4.71 EPS on ~$47B revenue; watch comparable-store sales (guided flat-to-+2%) and full-year guidance. Toll Brothers (TOL) and Klarna (KLAR) also on deck (Yahoo, TIKR).

Macro today

  • Housing Starts (Jul): 1.239M vs 1.350M expected — a sharp -12.4% m/m drop from June's 1.415M. A clear miss (Census/InvestingLive).
  • Building Permits (Jul): 1.443M, +5.0% m/m — a beat; planned construction firmer even as starts fell.
  • Industrial Production (Jul, 9:15 ET): est +0.2% vs +0.1% prior; Capacity Utilization est 76.3%.
  • Import Prices (Jul): est +0.1%; Export Prices est +0.2%. A hot import print would compound the oil-driven inflation narrative.

Rates, dollar & commodities

  • US 10Y 4.72%; 30Y 5.31% — a 19-year high, pressured by oil, AI-borrowing supply and deficit worries (Yahoo).
  • DXY ~99.4 (Trading Economics). WTI $84.15 (+0.5%), Brent ~$91 (Yahoo). Gold $4,448 (-0.6%).

Overnight global

Higher oil and yields dented global risk appetite, with Europe trading cautiously and Asia mixed as energy-import-heavy markets lagged.

What to watch at the open

Watch whether crude holds its gains — a further oil spike would keep pressure on rate-sensitive tech and the long bond. Home Depot's comps and guidance set the tone for the consumer/housing read, arriving alongside a weak starts number. And keep an eye on the 10Y at 4.72%: another leg higher in yields is the clearest headwind for the Nasdaq at the bell.

As of 9:15 AM ET. Sources: Yahoo Finance, InvestingLive, US Census, Benzinga, TIKR, Trading Economics. Automated US market brief for discussion and education only — not investment advice. Verify before acting.

This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.

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