Three Major US Index Futures Under Pressure Pre-Market, Oil and Defense Stocks Lead Gains, Safe-Haven Trading Remains Main Theme

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AuthorHuanyao Fang

Mar 3, 2026 9:26 AM

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TradingKey - U.S. stock futures continued to trend lower, with Dow Jones and S&P 500 futures both falling more than 1.5%, and Nasdaq 100 futures dropping nearly 2%.

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Unlike yesterday, index futures showed no signs of paring losses today, indicating that capital remains relatively cautious. Pre-market leaders remained consistent with yesterday, with oil and defense-related stocks maintaining some of their gains.

Following a partial recovery in the Magnificent 7 yesterday, the group faced collective pressure at today's open. In pre-market trading, NVIDIA fell over 3%, Apple dropped more than 1%, Microsoft shed over 1.5%, Tesla declined more than 2%, Amazon and Google both fell over 2%, and Meta dropped more than 1.5%.

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Occidental Petroleum rose over 3.5% pre-market following news that Qatar's LNG production has halted and the Strait of Hormuz is blockaded due to the U.S.-Iran conflict. The potential supply gap of 120 billion cubic meters exceeds the scale of the Russia-Ukraine conflict. While gas prices remain far below their 2022 peaks, the global economy faces a severe shock if the disruption continues.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.

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