US Stock Futures Weaken Amid Rise in Brent Crude Prices to $109

US Markets on Track for Weak Opening Amid Global Economic Concerns

US futures linked to the Nasdaq and the S&P 500 fell up to 1.5 percent on Friday, signaling a weak opening for US markets. This decline in Wall Street futures also indicated that the AI-led rally in US equities may lose momentum as Treasury yields climbed on worries that the West Asia conflict could fuel inflationary pressures.

The yield on the 10-year Treasury note, regarded as a benchmark for global borrowing costs, rose to 4.54 percent, its highest level since early June 2025. Global bond yields also moved higher as investors assessed the economic impact of the Iran war and expected interest rates to rise faster than earlier anticipated, while growth prospects remained under pressure.

At around 4:30 pm IST, futures linked to the Nasdaq-100 were down 1.46 percent. Futures of the S&P 500 slipped 0.91 percent, while those of the Dow Jones Industrial Average were down 0.45 percent.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Investors also tracked developments from the US-China summit, which concluded on Friday without any major tech deal announcement. Among premarket movers, semiconductor equipment maker Applied Materials declined 1.95 percent despite forecasting third-quarter revenue and adjusted profit above Wall Street estimates.

Airline stocks traded lower as rising crude oil prices weighed on the sector. Shares of Delta Air Lines, United Airlines, and Southwest Airlines fell between 1.3 percent and 1.5 percent, while Alaska Air Group declined 1.8 percent.

Asian markets settled broadly lower, with South Korea's KOSPI tumbling over 6 percent. European markets were also trading in the red. US markets had ended higher on Thursday.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

The Gift Nifty was up marginally by 0.13 percent, while the benchmark equity indices Sensex and Nifty erased early gains to close lower on Friday due to selling in metal, oil and gas, and PSU bank stocks amid caution over surging crude oil prices.

The Sensex declined 160.73 points or 0.21 percent to settle at 75,237.99 after fluctuating between gains and losses during the session. The benchmark had rallied nearly 470 points in early trade before losing momentum.

The NIFTY 50 fell 46.10 points or 0.19 percent to close at 23,643.50, snapping its two-session gaining run.