Dow Jones futures fell 0.9% in premarket trading on Thursday, S&P 500 futures dropped 0.5% and Nasdaq-100 futures lost 0.7%, a day after US stocks slipped from record highs. Oil is the main pressure. Crude rose on supply worries from the Middle East, with attacks on tankers in the Strait of Hormuz hitting their highest weekly level since the Iran war began, according to Reuters. About 20% of global oil and fuel supply moved through the strait before the war. Higher energy costs are keeping inflation fears alive. The Fed voted unanimously to raise rates in September, and Governor Chris Waller speaks in Turkey on Thursday, which could give clues on the next move. The 10-year Treasury yield was near 5.28% and the 30-year near 5.66%. Investors are also weighing the start of earnings season.
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