US Pre-Market 7 October 2026: Nasdaq Futures -0.75% as Brent Tops $101 and the 10-Year Climbs to 5.34%; NEOG +14%

Sentiment: bearish S&P 500 futures: -0.42%

S&P 500 futures are -0.42% and Nasdaq 100 futures -0.75% at 8:31am ET on 7 October 2026, a day after the S&P 500 closed at a record 7,818.93, as Brent crude rose 0.84% to $101.42 and the 10-year Treasury yield climbed more than 6 basis points to 5.337%, per CNBC. NEOG.US is +14.05% pre-market to $13.64 after Neogen raised its fiscal-year revenue range to $885 million to $890 million. Oil rose on a Gulf of Mexico storm forecast to become the first Atlantic hurricane of 2026 and on Houthi attacks on Saudi Arabia, and the 30-year yield touched a fresh 24-year high before today's 10-year auction and the Fed minutes.

Overnight drivers

• Oil: Brent is +0.84% to $101.42 and WTI +0.42% to $89.82. US forecasters said on Tuesday the Gulf storm would likely hit oil and gas facilities in offshore areas that produce 15% of US crude, and Saudi Arabia reported attacks on its Jazan and Najran airports on Monday evening, per Reuters. XOM.US is +0.92% and COP.US +1.01% pre-market; UAL.US is -1.75% and DAL.US -1.20%.
• Yields: The 30-year yield rose more than 7 basis points to 5.716%, per CNBC, after Reuters reported a 24-year high of 5.7041% earlier in the session. French 10-year yields rose 8 basis points and the French spread over German Bunds widened 11 basis points to 139.5, per Reuters. TLT.US is -0.88%.
• Chips: SMH.US is -1.89% pre-market after Tuesday's chip-led record. MU.US is -2.84%, AMD.US -2.13%, AVGO.US -1.28% and NVDA.US -1.02%; AAPL.US is +1.00%.
• Dollar, gold and bitcoin: The US Dollar Index is +0.61% to 102.45 as the euro fell 0.62% to $1.1188, per Reuters. Gold is -1.01% to $4,144.70 and bitcoin -3.14% to $83,486.

Tuesday on Wall Street

The S&P 500 closed at a record 7,818.93 on 6 October 2026, up 0.58%, its first close above 7,800, as chip leaders and power producers rose and the 10-year yield eased 4.2 basis points to 5.269%.

• S&P 500: 7,818.93 (+0.58%)
• Nasdaq: 27,599.89 (+0.45%)
• Dow: 51,521.28 (+0.49%)
• Russell 2000: 2,830.30 (-0.59%)
• VIX: 15.01 (-3.29%)

CEG.US rose 12.25% to $300.40 after a 20-year Google deal for power from 890 megawatts of new nuclear capacity, and VST.US gained 10.77%; both are lower pre-market, CEG.US -3.46% and VST.US -2.79%. AVGO.US added 3.67% and AMD.US 2.80%. Utilities led the 11 sectors at +2.98% while health care was the only decliner at -0.17%. STX.US fell 9.18% and WDC.US 6.93%, and they are -2.09% and -2.19% pre-market.

Overnight Asia and Europe

South Korea's KOSPI fell 1.98% to 6,803.90 on 7 October 2026 and Europe's STOXX 600 is -0.96% at 630.53, near its lowest level since 12 June; mainland China stayed shut for Golden Week.

• Nikkei 225: 70,035.71 (-0.92%)
• Hang Seng: 24,130.50 (-0.62%)
• KOSPI: 6,803.90 (-1.98%)
• STOXX 600: 630.53 (-0.96%)
• DAX: 25,133.25 (-1.24%)
• CAC 40: 7,771.78 (-1.19%)
• FTSE 100: 10,477.93 (-0.60%)

The Reserve Bank of India raised its repo rate by 25 basis points to 5.50%, a one-year high, per CNBC.

Pre-market movers

• NEOG.US +14.05% to $13.64: Neogen lifted its fiscal-year revenue range to $885 million to $890 million from $880 million to $885 million, against a FactSet consensus of $883.2 million, per CNBC. The stock fell 8.07% on Tuesday.
• PENG.US +4.42% to $67.05 after fiscal fourth-quarter adjusted EPS of $1.00 on revenue of $566.7 million, against FactSet estimates of 77 cents and $521 million.
• FLUT.US +2.94% to $78.50 after Citi upgraded Flutter to buy from neutral.
• STZ.US -2.89% to $112.67: fiscal second-quarter EPS of $3.74 on revenue of $2.63 billion beat estimates of $3.56 and $2.54 billion, but beer operating margin fell 160 basis points and depletions slipped from a year earlier, per CNBC.
• BULL.US -28.90% to $5.18. Unannounced, likely flow-driven.
• LEN.US -1.71% and DHI.US -1.36% as Reuters reported the US 30-year mortgage rate at its highest in nearly three years.

US economic calendar today (ET)

Federal Reserve minutes from the 15 to 16 September meeting, when the Fed raised rates for the first time in three years, land at 2:00pm ET on 7 October 2026; traders priced 19% odds of an October hike, down from about 50% a week earlier, per Reuters.

• Morning: NY Fed Survey of Consumer Expectations for September, with 1-year inflation expectations at 3.58% in August
• 1:00pm: 10-year Treasury note auction
• 2:00pm: FOMC minutes
• 3:00pm: consumer credit for August
• After the close: LEVI.US and APLD.US report

What to watch

• Rates: The New York Fed's 10-year term premium estimate reached 96 basis points this week, its highest in 12 years, per Reuters, and Tuesday's 3-year auction cleared at rates last seen 20 years ago.
• Thursday 8 October: weekly jobless claims at 8:30am and the 30-year bond auction; PEP.US reports before the open.
• Friday 9 October: DAL.US reports before the open, University of Michigan sentiment follows at 10:00am, and MRNA.US rejoins the Nasdaq-100.
• Hurricane path: Gulf refineries hold about 50% of US refining capacity of 18.2 million barrels a day, and the storm could affect six of them, per Reuters.

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