US markets today: Dow, S&P 500, Nasdaq futures indicate gap-down open; Nvidia buyback, airline, energy stocks to watch

US equity market futures indicate a gap-down opening on Monday, September 28, as investors focused on the rebound in crude oil prices, Trump’s rejection of Iran’s proposal, and the multi-year high US Treasury yields amid tech sell-off cues from Asian markets.

Dow Jones futures were trading 0.50% lower at 51,894 points ahead of the opening bell on Monday, September 28, as equity market investors focus on the elevated crude oil prices in the market, according to Investing.com data.

The S&P 500 index futures were down 0.33% at 7,778.25 points ahead of the opening bell on Monday’s market, while the Nasdaq 100 index futures were trading 0.60% lower at 30,704.50 points ahead of the open on September 28.

Key things to watch before US market opens

US stocks to watch on Sept. 28

“NVIDIA’s board of directors has authorised a $150 billion increase to the share repurchase program, raising the remaining total program to $235 billion,” the company said in its official statement.

Economic data in focus this week

Equity market investors are set to focus on the US Job Openings and Labor Turnover Survey data, which is scheduled to be published by the Bureau of Labor Statistics (BLS) of the US Department of Labor at 10 am (ET) on Tuesday, September 29, 2026.

Apart from the US job openings data, investors are also set to keep a watch on several Federal Reserve governors of States to speak at multiple events across the country this week.

Asian markets today

The Asian equity market indices ended largely lower after the trading session on Monday, September 28, due to elevated global bond yields, with investors pulling funds out of emerging markets into safe-haven assets.

MarketWatch data showed that Japan’s Nikkei 225 closed 0.73% lower, Shanghai Composite ended 1.67% lower, India’s SENSEX closed 1.52% lower, and South Korea’s KOSPI ended 2.7% lower after the trading session on September 28.

Oil prices today

Global benchmark Brent crude oil prices surged to $107 per barrel (bbl) on Monday’s market as commodity market investors react to US President Donald Trump rejecting the peace deal proposed by Iran over the weekend.

Brent crude oil prices for the November 2026 contract were trading 2.9% higher at $107 per barrel (bbl) at 7:34 am (CDT) on September 28, as energy prices remain linked to developments in the West Asia conflict.

The latest media report showed that Trump said that the deal was not “acceptable” and that Iran was allegedly looking to open the key trading route within seven days as they are losing the conflict.

"They want to make a deal to open the Hormuz Strait immediately because they're losing ​so badly," Trump said.

The US President also told Axios that the US negotiators will engage in more talks with Iran this ​week.

How did the US markets end last week?

The benchmark US equity market indices ended higher after their trading session last week on Friday, September 25, as investors focused on the pullback in crude oil prices and easing bond yields, which acted as a relief sentiment during the trading hours.

MarketWatch data showed that the Dow Jones Industrial Average ended 0.93% higher at 51,828.62 points after Friday’s market, in comparison to 51,349.98 points at the previous equity market close.

The S&P 500 index ended 0.51% higher at 7,743.41 points after the trading session on Sept. 25, compared to 7,704.13 points at the previous US equity market close, as per the exchange data.

The tech-heavy Nasdaq 100 index ended 0.42% higher at 30,608.13 points after the trading session on Friday, in comparison to 30,478.86 points at the previous Wall Street close.