5 Things to Know Before the Stock Market Opens on Wednesday
5 Things to Know Before the Stock Market Opens on Wednesday
Aaron McDadeWed, September 9, 2026 at 12:07 PM UTC
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The Dow Jones Industrial Average dropped more than 600 points to open the holiday-shortened trading week.Credit: Michael M. Santiago / Getty Images
Stock futures are pointing to a lower open Wednesday as the Iran war and inflation fears continue to weigh on market sentiment; Brent crude oil futures topped $100 a barrel this morning for the first time in nearly two months as fighting escalates in the Middle East; Apple is set to unveil new iPhones and other devices today in its first big event under its new CEO; Treasury yields are climbing ahead of this morning’s announcement of the size of tomorrow’s bond buyback; and shares of Casey’s General Stores are sliding after the company reported earnings. Here’s what you today.
Stock Futures Fall as Oil Prices Rise
Stock futures are lower while oil prices are surging as investors track developments in the Middle East (more on that below). Dow Jones Industrial Average futures were down 0.6% recently, while futures tied to the S&P 500 and the Nasdaq fell 0.3% and 0.4%, respectively. The major indexes closed lower yesterday to kick off the holiday-shortened trading week. WTI crude oil futures, the U.S. benchmark, were up 2.4% this morning at $95.30 per barrel, trading at their highest level since early June. Gold futures rose slightly to $4,450 an ounce, while bitcoin was trading at $79,300, up from yesterday’s low of $77,600. The yield on the 10-year Treasury note, which affects interest rates on consumer loans, was at 4.81%, up from 4.79% at yesterday’s close and trading around its highest levels in three years.
Brent Crude Hits $100 Amid Rising Middle East Tensions
Brent crude futures, the global oil benchmark, are up nearly 3% this morning and trading above the $100 a barrel mark for the first time since mid-July. Iran-backed Houthi rebels attacked energy facilities in Saudi Arabia yesterday, with Saudi forces reportedly launching retaliatory airstrikes at several sites in Yemen early this morning. The U.S. and Iran have recently traded strikes on oil carriers and U.S. military ships in the latest increase in fighting surrounding the Strait of Hormuz. Surging global oil prices will translate into higher prices at the pump and likely spur additional inflationary pressure in the U.S.
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Apple’s Annual Launch Event Set For This Afternoon
Apple (AAPL) is set to hold its annual launch event starting at 1 p.m. ET today, its first under new CEO John Ternus. The company is expected to announce the premium models of the iPhone 18 lineup, including the first foldable iPhone, along with new models of other hardware such as Apple’s watches and AirPods. Pricing details for the new products will be in focus after Apple raised prices for its laptops and iPads back in June to cope with soaring memory component costs, leaving many analysts to assume that the new line of iPhones will see a big jump in prices. Apple shares were down slightly ahead of the opening bell.
Treasury Yields Rising Ahead of Buyback Announcement
Treasury yields are rising this morning, sticking near their recent multi-year highs ahead of a big announcement today that could affect bond investors. At 11 a.m. ET, the Treasury is expected to announce the size of this week’s buyback of long-term bonds, after revealing a plan last month to increase buybacks to help ease yields. Recent buybacks have not exceeded $2 billion, and last month’s announcement said that they will be “at least $4 billion per operation” at least until its next quarterly update in early November. The buyback itself is set to take place tomorrow afternoon, but today’s announcement could have a significant impact on yields ahead of the buyback.
Casey’s General Stores Stock Falls After Earnings
Shares of Casey’s General Stores (CASY) are tumbling this morning after the retailer and gas station operator’s same store sales fell short of expectations. After yesterday’s closing bell, Casey’s said it earned $7.37 per share on $5.68 billion in revenue for its fiscal first quarter, each topping the Visible Alpha analyst consensus. However, the chain’s same store sales rose by 3.2%, below the 3.8% that analysts were looking for. CEO Darren Rebelez said the company navigated a “volatile” fuel environment in the quarter, with same-store gallons down 0.3% year-over-year. Casey’s shares were down 11% in recent premarket trading, on track to hit their lowest level since February.
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Source: “AOL Money”
