US markets today: Dow, S&P 500, Nasdaq futures indicate negative open, PPI data in focus; Apple, Novartis, others to watch

US equity futures on Wall Street indicate a negative open on Thursday, September 10, as investors are focused on crude oil prices above $103 per barrel, tensions in West Asia, weak Asian market cues, and the upcoming PPI data release for the US economy.

Dow Jones futures were trading 0.26% lower at 52,291 points ahead of the opening bell on Thursday’s market, indicating a 90-point lower opening on September 10, in comparison to the previous Wall Street close, according to MarketWatch data.

The S&P 500 index futures were trading 0.49% lower at 7,604 points ahead of the market open on Sept 10, indicating a 32-point lower opening, as per the exchange data.

The tech-heavy Nasdaq 100 futures were trading lower at 29,097 points ahead of the market opening on Thursday, indicating a more than 320-point lower open when compared to the previous equity market close.

Key things to watch before US market opens

US stocks to watch on Thursday, September 10

Key economic data in focus

Investors will focus on the upcoming Weekly jobless claims report set to be released by the US Labor Department at 8:30 am (ET) for the week ended September 5, according to the official economic calendar.

The US Bureau of Labor Statistics (BLS) is also set to release the Producer Price Index (PPI) data for August 2026 on Thursday, September 10.

During Thursday’s market, investors will also place their bets ahead of the upcoming CPI inflation data release for the US economy scheduled to be published by the BLS on Friday.

Crude oil jumps above $103/barrel

Global benchmark Brent crude oil prices surged to hit an intraday high of $103.57 per barrel (bbl) during the trading session on Thursday, in comparison to $101.21 per bbl at the previous commodity market close.

Energy prices in the global market surged to recent high levels as commodity market investors focused on the re-escalation of the West Asia conflict between the United States and Iran.

Since last week, the United States has carried out military attacks against Iran, destroying 10 oil tankers in response to the Islamic Revolutionary Guard Corps (IRGC) targeting US Navy warships.

Latest reports from CNN showed that US President Donald Trump said that he expects Iran to abandon its war efforts after the US midterm elections, and he conceded that American gas prices are unlikely to fall before then.

“They’re desperate to try and affect the election so that we can get a nice weak group of people in there and leave them alone and let them have their nuclear weapon,” said Trump.

Investing.com data showed that Brent crude prices have risen nearly 9% in the last five market sessions and have gained over 18% in the last one-month period.

In the last three months, energy prices have risen 11.6% and have been trading 18% higher in the last six months, as per the exchange data.

How did US markets perform on Wednesday?

US equity market indices ended lower after the trading session on Wednesday, September 9, as investors focused on crude oil prices remaining elevated above $100 per barrel and rising Treasury yields ahead of the key inflation data for the American economy.

Dow Jones Industrial Average ended 0.77% lower at 52,380.66 points after the trading session on Wednesday, September 9, in comparison to 52,786.07 points at the previous equity market close, according to MarketWatch data.

The S&P 500 index closed 0.48% lower at 7,636.36 points as of the stock market close on Wednesday, in comparison to 7,673.52 points at the previous equity market close, as per the exchange data.

The tech-heavy Nasdaq 100 index ended 0.29% lower at 29,421.55 points after the trading session on September 9, compared to 29,507.70 points at the previous Wall Street close.