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US markets today: Dow, S&P 500, Nasdaq futures indicate gap-up open amid 6% fall in oil prices; Q2 earnings in focus

Anubhav Mukherjee
By Anubhav Mukherjee

4 min read | Updated on August 03, 2026, 19:24 IST

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SUMMARY

US futures indicate a positive opening on Monday, August 3, as investors focus on low crude oil prices, Q2 earnings, and selloff momentum from the Asian markets.

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Monday, August 3. | Photo: Shutterstock

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Monday, August 3. | Photo: Shutterstock

US markets today: Equity futures on Wall Street were indicating a gap-up opening on Monday, August 3, as investors focused on the more than 6% fall in global crude oil prices and Q2 earnings amid sell-off pressure from the Asian markets.
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Dow Jones futures were trading 1.18% higher at 53,252 points ahead of the stock market open on Monday, indicating a more than 750-point higher opening when compared to the previous equity market close, according to Investing.com data.

The S&P 500 index futures were trading 0.62% higher at 7,564.75 points ahead of the Wall Street open, indicating an over 75-point higher opening on Monday’s market, as per the exchange data.

The tech-heavy Nasdaq 100 futures were trading 0.18% higher at 28,455.75 points, indicating a more than 180-point higher opening on August 3, despite sell-off pressure from the Asian markets, when compared to the previous Wall Street close levels.

Also Read: Q1 excise duty headwinds test ITC, Godfrey Phillips, others; analysts stay positive on growth

Key things to watch before US market opens

US markets recap

The US benchmark stock market indices closed higher, with the Dow Jones and S&P 500 indices touching their new record high on Friday, July 31, 2026, as investors remained focused on Q2 earnings, chipmaking stock momentum from Asian markets, and last week’s US Fed outcome.

The Dow Jones Industrial Average closed 0.53% higher at 52,485.03 points after the trading session on Friday, compared to 52,208.06 points at the previous equity market close, according to MarketWatch data.

The S&P 500 index ended 0.70% higher at 7,489.72 points after Friday’s market session last week, compared to 7,437.63 points at the previous stock market close, as per the exchange data.

The Nasdaq 100 index closed 0.60% higher at 28,274.20 points after the trading session on July 31, compared to 28,106.35 points at the previous stock market close.

Stocks to watch on August 3

Marriott International: Marriott International shares were trading nearly 2% lower during the pre-market hours on Nasdaq ahead of the opening bell on August 3. The company is set to announce its June quarter results on Monday.
Whirlpool Corporation: Whirlpool Corp. shares were trading 1.6% higher ahead of the company’s Q2 earnings release; the company is set to release its June quarter results on August 3.
Key earnings stocks: Other stocks like Mitsubishi UFJ Financial Group, TKO Group Holdings, Palantir Technologies, Vertex Pharmaceuticals, Williams Co., Diamondback Energy, and EchoStar Corp. are among other companies which are set to announce their April to June quarter results on August 3.
Tech stocks: Tech sector peer companies like SK Hynix ADR, Nvidia, Broadcom, AMD, Qualcomm, Taiwan Semiconductor (TSMC), Texas Instruments, ASML Holdings, and Oracle are in focus on August 3, after the selloff from Asian markets.

Oil drops over 6%

Crude oil prices declined more than 6% on Monday, after US President Donald Trump said on Sunday that the talks with Iran will resume from August 3 after America reportedly called off a “massive attack” on the West Asian country.

Investing.com data showed that the global benchmark, Brent crude oil prices, dropped 6.8% to its intraday low of $81.93 per barrel (bbl) on Monday’s market, compared to $87.93 per bbl at the previous commodity market close last week.

As of 7:11 pm (IST), Brent crude oil prices were trading 5.7% lower at $82.85 per barrel on Monday’s market, compared to $87.93 per barrel at the previous stock market close, as per the exchange data.

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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