Dow, Nasdaq Futures Down Triple Digits on Higher Oil, Yields

Stock futures are sinking this morning, as elevated oil prices and Treasury yields pressure continue to weigh on investors. The Nasdaq-100 Index (NDX) snapped a five-day win streak yesterday, looking to stretch that loss, with futures down 180 points. Futures tied to the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are lower as well, with the blue-chip index down 266 points. 

The 10-year Treasury yield rose to 5.331%, near 2002 highs, while the 30-year Treasury yield is also higher after Federal Reserve Governor Christopher Waller warned more hikes could come. Lastly, oil prices rose, holding above $90, after President Trump refused to strike a deal with Iran, with the U.S. is reportedly preparing for "massive bombing" in the Middle East.

Continue reading for more on today's market, including:

• Where not to put your money this October.
• Checking in on our Top Stock Picks for 2026.
• Plus, HAE surging premarket; Broadcom financing; LULU's C-Suite shake-up. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.4 million call contracts and 1.5 million put contracts traded on Wednesday. The single-session equity put/call ratio fell to 0.63, while the 21-day moving average remained at 0.59. 
2. Haemonetics Corp (NASDAQ:NEOG) stock is up 14% ahead of the open, after biotech firm CSL plans to roll out the firm's plasmapheresis platform across the states by the end of 2027. The shares are up 26% year to date, heading into today. 
3. Broadcom (NASDAQ:AVGO) shares are down 1.6%, with the chipmaker trying to muster more than $50 billion in financing for a custom chip project. AVGO has added 8.8% since the start of 2026 and if today's premarket gains hold, could log its fourth straight win. 
4. Shares of Lululemon (NASDAQ:LULU) are off 1.9% after the athleisure company said former Nike executive and Athleta CEO Maggie Gauger will take over as chief product officer and Joseph Godsey as chief operating officer. The stock is up 55.8% year to date. 
5. This week is fairly quiet, with FOMC meeting minutes today's main focus. 

Global Bond Yields Tapping Multi-Year Highs 

Asian markets finished sharply lower on Thursday, as rising oil prices and renewed U.S.-Iran tensions weighed on sentiment. Hong Kong's Hang Seng fell 1.4%, with HSBC’s Hong Kong shares tumbling nearly 4% following alleged job cuts in its U.K. wealth management business. Japan's Nikkei shed 1.4%, while South Korea's Kospi plunged 2.6% and China's Shanghai Composite lost 0.8%.

European bourses are also lower today, as global bond yields climb. U.K. 10-year borrowing costs hit a 19-year high, while French government bond yields rose to multiyear highs. Bank of France Governor Emmanuel Moulin warned that Europe's inflation is being driven entirely by energy prices, with geopolitical tensions spilling over into financial markets. Meanwhile, Germany raised its 2026 economic growth forecast to 1.3% from 0.5%, noting that the Iran war has had less of an impact than feared. London's FTSE 100 is down 0.1%, while France's CAC 40 and Germany's DAX are off 0.5% and 0.9%, respectively.