{
  "id": 12853352,
  "title": "Wall Street futures slide as rising oil, yields dampen mood",
  "url": "https://urgent.news/2026/10/08/wall-street-futures-slide-as-rising-oil-yields-dampen-mood",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T11:06:59.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/08/wall-street-futures-slide-as-rising-oil-yields-dampen-mood"
  },
  "original_language": "en",
  "account": "US stock index futures experienced a decline on Thursday, driven by inflation concerns as oil prices surged by nearly 4% and Treasury yields rose. The Dow E-minis fell 0.78%, the S&P 500 E-minis lost 0.4%, and the Nasdaq 100 E-minis shed 0.57%. Despite Samsung Electronics' forecast of a record quarterly profit, the company's shares closed slightly lower. Notably, chipmakers faced renewed scrutiny, with Nvidia, Broadcom, and Micron Technology all declining between 0.6% and 1.4%. Worries about the AI boom and the potential for massive debt issuance by technology companies added to the market's apprehension. Broadcom, in particular, was reportedly seeking $50 billion in financing for OpenAI, raising concerns about the competition for capital. The weak sentiment persisted on Thursday, with Brent crude prices jumping over 4% due to attacks on shipping in the Gulf and the Strait of Hormuz, while the US reduced offshore production amid a hurricane threat. Fed Governor Christopher Waller hinted at a possible pause at the central bank's next meeting, suggesting that additional rate hikes might be needed to bring inflation down to the 2% target. However, the pace of increases remains flexible. Traders expect the Fed to hold rates steady at its October meeting, with a potential December hike on the cards. Notably, Wolfspeed saw a significant gain of 16.6% after securing a $1.5 billion conditional loan commitment from the US defence department to boost domestic production of silicon carbide materials and power devices, while Applied Digital rose 3.5% after its first-quarter revenue more than quadrupled.",
  "summary": "Traders widely expect the Federal Reserve to hold rates steady at its October meeting, but a December hike remains on the cards.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "How a trillion-dollar hedge fund borrowing spree became Wall Street’s cash cow",
        "url": "https://urgent.news/2026/10/08/how-a-trillion-dollar-hedge-fund-borrowing-spree-became-wall-streets",
        "published": "2026-10-08T04:00:09.000Z"
      },
      {
        "outlet": "Hedgeweek",
        "title": "Trillion-dollar hedge fund borrowing boom drives Wall Street prime brokerage profits",
        "url": "https://urgent.news/2026/10/08/trillion-dollar-hedge-fund-borrowing-boom-drives-wall-street-prime",
        "published": "2026-10-08T08:40:00.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Wall Street futures slide as rising oil, yields dampen mood",
        "url": "https://urgent.news/2026/10/08/wall-street-futures-slide-as-rising-oil-yields-dampen-mood-12855206",
        "published": "2026-10-08T11:06:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}