US stock futures fall as Treasury yields and oil rise

US equity futures declined on Thursday, September 24, pressured by Treasury yields hovering near two-decade highs and rising crude prices. Dow Jones futures dropped 0.45%, S&P 500 futures fell 0.60%, and Nasdaq futures slid 0.97%.

Derivatives markets fully priced in three interest-rate increases of 0.25 percentage points by the Federal Reserve over the next 12 months, with odds of a fourth hike also gaining ground. In the macroeconomic calendar, investors awaited the release of weekly jobless claims figures, while Darden Restaurants and Costco were scheduled to report quarterly earnings.

In Europe, the STOXX 600 dropped 0.50%, Germany's DAX declined 0.82%, France's CAC 40 lost 0.73%, Italy's FTSE MIB fell 0.63%, and the UK's FTSE 100 slid 0.13%. In the Asia-Pacific region, South Korean markets were closed for a holiday, the Nikkei rose 0.76%, while the Shanghai Composite fell 1.22%, the Nifty 50 dropped 1.58%, the ASX 200 lost 0.72%, and the Hang Seng Index slipped 0.29%. US Treasury Secretary Scott Bessent stated on Wednesday that the United States and China extended a truce to keep tariffs low and maintain the flow of rare earths.

Crude benchmarks climbed amid limited diplomatic progress between the US and Iran: WTI crude rose 2.62% to $94.57 per barrel, and Brent crude increased 2.91% to $106.08 per barrel. Dalian iron ore remained flat at 713.50 yuan ($106.31), while Bitcoin fell 0.75% to $83,819.39.