U.S. Futures Slide as Pre-Market Trading Resumes After Labor Day

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U.S. stock futures pointed lower on Tuesday morning as Wall Street reopened following the Labor Day holiday, with investors weighing corporate shake-ups, global economic signals, and fresh earnings catalysts.

As of 7:20 a.m. ET, Dow Jones futures were down 0.6%, S&P 500 futures slipped 0.7%, and Nasdaq-100 futures declined 0.9%.

The weakness comes amid rising U.S. Treasury yields and pressure from overseas markets, with the U.K.’s long-term borrowing costs hitting a 27-year high, sparking renewed concerns about global economic stability.

In commodities, Brent crude oil gained more than 1.5% while gold futures rose nearly 1%, reflecting investor appetite for safe-haven assets.

Among individual movers, Carisma Therapeutics (CARM) surged over 100% in pre-market trading, while Insmed (INSM) and Millrose Properties (MRP) gained nearly 9% and 8% respectively.

PepsiCo (PEP) also advanced 4.6% after Elliott Investment Management disclosed a $4 billion stake, fueling speculation of strategic changes.

On the downside, Lam Research (LRCX) fell about 3% after Morgan Stanley issued a cautious growth outlook. Joby Aviation (JOBY) dropped nearly 5%, while Nova Ltd. (NVMI) slid 6%. Tech heavyweight Nvidia (NVDA) also edged lower after signaling softer revenue expectations.

Corporate headlines dominated early sentiment. Nestlé shares slipped after the food giant ousted its CEO over an ethics breach, appointing Nespresso head Antonius Navratil as interim chief. Meanwhile, Kraft Heinz announced plans to split its brands into two companies, and Spirit Airlines filed for Chapter 11 bankruptcy for the second time in a year.

With major earnings due this week from Zscaler, Salesforce, Broadcom, and Lululemon, investors are bracing for volatility.

For now, the market mood remains cautious, with attention firmly on interest rates, global debt markets, and corporate shakeups shaping early September trading.

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