US markets today: Dow, S&P 500, Nasdaq futures indicate gap-up open; AMD, SpaceX, other stocks to watch

Equity futures on Wall Street indicate a positive open on Tuesday, September 29, as investors focused on the pullback in crude oil prices and easing US Treasury yields amid reports of potential for negotiations between the United States and Iran.

The benchmark 10-year US Treasury yield was down 8 basis points at 5.234% as of 9:08 am (ET).

Dow Jones futures were trading 0.14% higher at 51,907 points during the pre-market hours ahead of the opening bell on September 29, as investors focused on the positive market cues and hopes of a potential recovery.

Investing.com data also showed that the S&P 500 index futures were trading 0.16% higher at 7,759.50 points ahead of the opening bell, and the Nasdaq 100 index futures was trading 0.33% higher at 30,666.75 points indicating a gap-up open on Tuesday’s market.

Equity market investors on Wall Street were focused on the rebound potential of the benchmark indices while remaining cautious amid the selling momentum from Asian markets.

Key things to watch before US market opens

US stocks to watch on Sept. 29

“Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to one pricing grid with VantageScore joining the existing FICO Classic pricing grid,” said Bill Pulte in his post on X.

JP Morgan highlighted that several changes implemented by the subsidiary Outback Steakhouse, including a new steak lineup reduced the table to server ratio during peak hours from 6 to 4 tables.

Oil prices at $104/barrel

Global crude oil prices witnessed a marginal pullback to near $104 per barrel (bbl) during the trading session on Tuesday, as investors focused on reports suggesting that US President Donald Trump is willing to give Iran sanctions some relief and release frozen funds as part of a final deal, only if Tehran offers “concrete progress” on the nuclear issue.

As of 7:33 am (CDT), the benchmark Brent crude oil price declined 1.47% to $103.70 per bbl as of the trading session on September 29.

Latest reports from CNN suggest that a US official told the news portal that the United States is having “positive and constructive discussions through the mediators.”

This comes after US President Donald Trump rejected Iran’s peace deal proposal, citing that it was not “acceptable” and that Iran was allegedly looking to open the key trading route within seven days as they are losing the conflict.

How did US markets end on Monday?

The US benchmark equity market indices ended lower after their trading session on Monday, September 28, as investors focused on the fresh high of US Treasury yields and the elevated oil prices amid no signs of an upcoming peace deal in West Asia.

Exchange data showed that the Dow Jones Industrial Average ended 0.67% lower at 51,481.51 points after Monday’s market session, in comparison to 51,828.62 points at the previous equity market close.

The S&P 500 index closed 0.77% lower at 7,683.69 points after the trading session on September 28, compared to 7,743.41 points at the previous US equity market close, according to MarketWatch data.

The tech-heavy Nasdaq 100 index crashed to end 1% lower at 30,276.81 points after the trading session on Monday, compared to 30,608.13 points at the previous Wall Street close, as per the exchange data.