US Futures Slip as Yields and Oil Rise Ahead of Iran UN Address

Key Facts

1S&P 500 futures fell 0.1% and Nasdaq 100 futures slid 0.3% as oil prices and bond yields climbed.

2Two-year Treasury yields rose to a two-year high of 4.79% as the US Dollar rally continued.

3Microsoft shares rose 0.9% in premarket trading following a bullish upgrade from Stifel.

Amid escalating geopolitical uncertainty ahead of Iran's address to the UN General Assembly, US equity futures declined as energy costs and bond yields climbed. According to reports, S&P 500 futures fell 0.1% and Nasdaq 100 futures slid 0.3%. This downward pressure coincides with two-year Treasury yields hitting a two-year high of 4.79%, supported by a continuing rally in the US Dollar and market anticipation surrounding the upcoming summit between Presidents Donald Trump and Xi Jinping.

In the equity space, mega-cap tech shares showed mixed resilience; Microsoft shares rose 0.9% in premarket trading following a bullish upgrade from Stifel. Per market data, MSFT closed at $498 on September 22, 2026, while Apple (AAPL) recorded a close of $338.33 on September 23, 2026. Meanwhile, peer Meta closed at $338.33 (September 22, 2026), reflecting a fragile balance between individual tech strength and the broader impact of oil prices trading back above the $100 mark.

As of the close on September 22, 2026, NDAQ stood at $94.5 and SPGI at $402.44, with traders monitoring current support levels as yields approach key psychological thresholds. While the upcoming calendar shows no immediate major US data catalysts, markets remain focused on the geopolitical outcomes from New York. Tesla (TSLA), which closed at $378.9 on September 22, remains a key instrument to watch as growth stocks react to the hawkish movement in the bond market.