U.S. equity futures were poised to start the new month the way the old month ended, with losses.
The major futures indexes suggest a decline of 0.8% when the opening bell rings.
U.S. West Texas Intermediate (WTI) crude futures traded around $89.00 a barrel. Brent crude futures were around $95.00 a barrel.
Stocks finished the month on a four-session losing streak. For August, the Dow finished down nearly 4.1%, while the S&P and Nasdaq lost 4.2% and 4.6%, respectively.
Traders will be watching a crowded economic docket featuring reports on jobless claims, productivity, manufacturing and construction spending.
In Asia, Japan’s benchmark Nikkei 225 declined 1.5%, Hong Kong’s Hang Seng lost 1.8% and China’s Shanghai Composite edged down 0.5%.
On Wall Street, the S&P 500 fell 31.16 points, 0r 0.8%, to 3,955. The index is down 17% so far this year.
The Nasdaq lost 66.93 points, or 0.6%, to 11,816.20, while the Dow gave up 280.44 points, or 0.9%, to close at 31,510.43.
The latest pullback for stocks came as Treasury yields rose broadly. The yield on the 10-year Treasury, which influences interest rates on mortgages and other consumer loans, rose to 3.20% on Thursday morning.
