U.S. stock futures fell Tuesday, with S&P 500 futures down 0.2%, Dow futures down 0.3% and Nasdaq futures off 0.1%. Artificial intelligence-related shares came under pressure on safety concerns. Oil prices continued to rise as the Middle East conflict persists, while the 10-year U.S. Treasury yield climbed to 5.01%, the highest level in 19 years. The market is also weighing increased expectations of a Federal Reserve rate hike, adding to pressure on equities.

Electrical distribution equipment maker Forgent Power reported fiscal fourth-quarter net income of $53.3 million and adjusted earnings of 25 cents per share, beating analysts’ 23-cent estimate. Revenue came in at $461.7 million, above the $425.6 million forecast. The company also issued full-year guidance calling for earnings of $1.26 to $1.40 per share on revenue of $2.4 billion to $2.6 billion.

Grayscale has released its latest model portfolio with a 42% allocation to $ETH and 26% to $XRP. The disclosed weights reflect the firm’s institutional allocation view on the two major crypto assets.

Dow Jones futures fell nearly 350 points after attacks on Saudi energy facilities pushed Brent crude above $108 a barrel, adding to inflation worries. The 10-year US Treasury yield climbed above 5%, while investors positioned for a widely expected Federal Reserve rate increase on Wednesday. The backdrop includes data showing US consumer prices accelerated in August and core inflation posted its biggest increase in four months.

European equities fell to a three-month low on Tuesday as surging oil prices and higher bond yields weighed on risk appetite ahead of the Federal Reserve’s rate decision this week. The pan-European STOXX 600 slipped 0.8% to 630.99, with financial services and banks leading declines and UBS down 4.2%. Sentiment also weakened after Bank of America CEO Brian Moynihan said investment banking fees are projected to drop by at least 10% in the third quarter. Markets are watching the Fed’s policy decision later this week.

Indian equities fell sharply, with the Sensex down more than 1,300 points from its intraday high and the Nifty slipping below 23,200, wiping out about Rs 9 trillion in market value. The selloff was driven by the US 10-year Treasury yield crossing 5% for the first time since 2023 and a rise in oil prices that renewed inflation worries. Expectations of further Federal Reserve rate hikes, alongside escalating Middle East geopolitical tensions, added to the broad-based risk-off move.

WTI crude oil closed at $100.05 for the week ending September 11, up 9.37% from $91.48 as tanker strikes, reduced Hormuz flows and tighter Saudi supply lifted the risk premium. Momentum remains strong but stretched, with $104.46 as the upside breakout level and $90.87 as the weekly downside reference.

Brent crude oil rose 8.65% this week, closing at $104.61 as tanker strikes, shipping attacks, and reduced Hormuz flows lifted the geopolitical risk premium. Technical momentum remains constructive, but Brent is approaching the week's $110.19 high while easing tensions could expose downside volatility.