U.S. stock futures mixed as rate-hike bets and oil prices rise

  • U.S. stock futures traded mixed after markets reopened from the Labor Day holiday.
  • Dow futures fell 0.6% to 53,116.0 points by 21:07 ET.
  • Investors priced a higher September Fed hike probability after August jobs data.

U.S. stock futures were mixed Monday night as investors returned from the Labor Day holiday facing renewed inflation concerns, higher oil prices and rising expectations for a Federal Reserve rate hike next week. Dow Jones Futures fell 0.6% to 53,116.0 points by 21:07 ET (01:07 GMT), while S&P 500 Futures slipped 0.1% to 7,712.25 points and Nasdaq 100 Futures gained 0.3% to 29,639.75 points. Investors increased bets on a September increase after employers added 162,000 jobs in August, above economists’ expectations, while unemployment remained at 4.1%. CME FedWatch showed a roughly 60% probability of a 25-basis-point increase at the Fed’s Sept. 15-16 meeting, up from 49% before the employment report. UBS forecast two Fed rate hikes this year, including one in September and another in December, after previously expecting no rate changes in 2026. Producer-price data due Thursday and consumer-price data due Friday could influence whether the Fed raises rates or leaves policy unchanged. Brent crude traded around $97 a barrel on Tuesday as intensifying conflict between the United States and Iran raised concerns about energy-supply disruptions through the Strait of Hormuz. Wall Street had closed lower Friday, with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.4% and the NASDAQ Composite down 0.3%.

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