Wall St futures slide as rising oil, yields dampen mood Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2026. REUTERS/Jeenah Moon · Reuters Reuters Thu, October 8, 2026 at 6:50 AM EDT 2 min read 005930.KS -2.42% AVGO +0.19% NVDA -0.74% MU +4.06% ^DJI -0.66% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Oct 8 (Reuters) - US stock index futures fell on Thursday, pressured by inflation concerns as oil jumped nearly 4% and Treasury yields rose, while chipmakers faced renewed scrutiny despite a strong forecast from Samsung.
South Korea's Samsung Electronics forecast a record quarterly profit of $80.2 billion, above analysts' estimates, but its shares closed marginally lower.
The results did not rally global chip stocks, however, highlighting doubts about the AI boom. Nvidia dipped 0.6% in premarket trading, Broadcom eased 1.4% and Micron Technology fell 1.2%.
Meanwhile, the Wall Street Journal reported on Wednesday that Broadcom is lining up $50 billion of financing for OpenAI, with Oracle also seeking an unspecified sum, spurring fears that massive debt issuance by technology companies could intensify the competition for capital.
A rebound in Treasury yields and oil prices knocked the S&P 500 and Nasdaq from record highs a day earlier, while the Dow snapped a four-day winning streak.
The weak sentiment persisted on Thursday, with Brent crude jumping over 4% on the back of attacks on shipping in the Gulf and the Strait of Hormuz, while the US cut output as a hurricane menaced offshore production. [O/R]
Renewed inflation worries pushed Treasury yields higher, with the benchmark 10-year yield climbing to 5.34%, though it remained below earlier session highs.
At 06:14 a.m. ET, Dow E-minis fell 399 points, or 0.78%, S&P 500 E-minis lost 31.5 points, or 0.4%, and Nasdaq 100 E-minis shed 180.25 points, or 0.57%.
US Federal Reserve Governor Christopher Waller hinted at a possible pause at the central bank's upcoming meeting. Additional rate hikes would likely be needed to lower inflation to the Fed's 2% target, but there was "flexibility" about the pace of increases, he said earlier in the day.
Traders widely expect the Fed to hold rates steady at its October meeting, but a December hike remains on the cards, according to CME FedWatch.
Wolfspeed was an outlier among chipmakers, soaring 16.6% after it received a $1.5 billion conditional loan commitment from the US Department of Defense to expand the domestic production of silicon carbide materials and power devices.
Applied Digital rose 3.5% after the data center provider's first-quarter revenue more than quadrupled to $341.9 million.
(Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Pooja Desai)
