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  5. US markets today: Dow, S&P 500, Nasdaq futures indicate gap-down open; Constellation Brands, Neogen, stocks to watch

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US markets today: Dow, S&P 500, Nasdaq futures indicate gap-down open; Constellation Brands, Neogen, stocks to watch

Anubhav Mukherjee
By Anubhav Mukherjee

4 min read | Updated on October 07, 2026, 18:27 IST

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SUMMARY

US equity futures were indicating a gap-down open on October 7, as investors focused on the rising US Treasury yields, and rebounding crude oil prices in the global market.

Dow Jones, S&P 500 and Nasdaq futures indicate a negative open ahead of the opening bell on Wednesday, October 7. | Image: Shutterstock

Dow Jones, S&P 500 and Nasdaq futures indicate a negative open ahead of the opening bell on Wednesday, October 7. | Image: Shutterstock

US equity market futures indicated a gap-down opening on Wednesday, October 7, as investors focused on the rebounding crude oil prices, climbing US Treasury yields, and the prevailing uncertainty due to the West Asia crisis.

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Exchange data showed that the Dow Jones futures were down 0.70% or 364 points at 51,452 ahead of the opening bell on Wednesday’s market, indicating a potential lower open on October 7.

The S&P 500 index was down 0.37% or 29 points at 7,843 points ahead of the market open, while the tech-heavy Nasdaq 100 futures were down 0.68% or 214 points at 31,270 amid the selling cues in the global market.

Equity market investors are set to remain focused on the US Federal Reserve’s upcoming minutes of the meeting from the previous FOMC session will likely give further insights into the central bank’s outlook for the interest rate trajectory.

Also read: NASDAQ, S&P 500 hit record closing highs; six of ‘Magnificent Seven’ stocks rise

Key things to watch before US market open

US stocks to watch on October 7

Neogen Corp.: Shares of Neogen Corp. were trading 12% higher during the pre-market session on Wednesday, as investors focused on the company’s increased guidance for the financial year with revenue potentially ranging between $885 million and $890 million.
Penguin Solutions: Penguin Solutions shares were up around 4% during the pre-market hours on Nasdaq as the company’s fourth-quarter results successfully exceeded market expectations.
Constellation Brands: Shares of Constellation Brands declined more than 6% during the pre-market hours on October 7, as investors focused on the beer distribution company’s shrinking operating margins despite overall growth in revenues in the period under review exceeding market expectations.
Tech stocks: Tech and chipmaking stocks like Meta, Nvidia, SK Hynix ADR, Broadcom, Apple, AMD, among others are set to be in focus of investors on Wednesday, due to the selling cues emerging from the Asian markets.
Also read: NALCO, Vedanta, Hindalco, others drag Nifty Metal: How did metal stocks perform on October 7?

Asian markets today

The benchmark equity market indices in Asia ended lower after their trading session on Wednesday, October 7, as investors focused on the rebound in crude oil prices, profit booking in technology stocks and the economic tightening sentiment in the market.

MarketWatch data showed that Japan’s Nikkei 225 closed 0.92% lower, Hang Seng closed 0.62% lower, India’s SENSEX ended 0.59% lower, South Korea’s KOSPI closed 1.98% lower, and Singapore’s FTSE ended 1.63% lower after the trading session on October 7.

US Treasury near multi-year high

The US Treasury yields resumed their climb to near their multi-year high level during the trading session on Wednesday, October 7, due to the rising price of crude oil in the global market, one day after it retreated to a lower level in the previous session.

Bond market investors closely await the upcoming US Fed’s minutes of the meeting release, which will shed more insight into the central bank’s interest rate decision-making trajectory in the upcoming period.

Data showed that the benchmark US 10-year Treasury yield surged around 5 basis points to 5.33% during the trading session on Wednesday’s market, in comparison to 5.29% in the previous bond market close.

Also read: Bond market feels RBI’s hawkish turn: Yields hit 52-week high of 7.25%; will higher yields stick around?

How did US market end on Tuesday?

The US equity market indices ended higher after their trading session on Tuesday, October 6, as investors focused on the pullback in crude oil prices, easing US Treasury yields and the positive momentum from the Asian markets.

The Dow Jones Industrial Average closed 0.49% higher at 51,521.28 points after the trading session on October 6, in comparison to 51,267.90 points at the previous equity market close, according to MarketWatch data.

The S&P 500 index ended 0.58% higher at 7,818.93 points after the trading session on Tuesday’s market, compared to 7,773.95 points at the previous equity market close, as per the exchange data.

Meanwhile, the Nasdaq 100 index closed 0.48% higher at 31,224.69 points after the trading session on Tuesday, in comparison to 31,076.44 points at the previous equity market close.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

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