Oil, Interest Rate Outlooks Damp Wall Street Pre-Bell; Asia Mixed, Europe Off

07:12 AM EDT, 09/01/2026 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Tuesday as higher interest rates and oil prices as well as fresh hostilities in the Persian Gulf undercut investor sentiments. In the futures, the SP 500 fell 0.6%, the Nasdaq declined 1% and the Dow Jones was off 0.6%. Traders also await the Job Openings and Labor Turnover Survey (JOLTS) for July, slated for a 10 am ET release in Washington, for clues to the health of the national labor market. West Texas Intermediate crude oil futures traded up 2.3% to $87.71 a barrel in morning action. The VanEck Semiconductor fund (SMH) was down 1.5% pre-bell. Asian exchanges traded mixed overnight, as Japan's 10-year government bond yield touched 3% for the first time since 1996. European bourses tracked moderately lower midday on the continent. On the economic calendar, in addition to the JOLTs release, is the SP Global final US purchasing managers index, or PMI, for August at 9:45 am ET, followed by the ISM Manufacturing Index for August, and the construction spending report for July, both at 10 am. In premarket action, Bitcoin traded at $77,990, and 10-year US Treasuries offered 4.78%. Spot gold commanded $4,383 an ounce.