Stock futures fall as investors weigh calls for AI slowdown, oil gains: Live updates
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., Sept. 8, 2026.
Brendan McDermid | Reuters
Stock futures fell early Monday as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns, along with the latest oil moves.
S&P 500 futures lost 0.8%, while Nasdaq-100 futures tumbled 1.8%. Dow Jones Industrial Average futures fell 135 points, or 0.3%.
In Europe, bourses traded mostly lower, with the pan-European Stoxx 600 index down by around 0.3%. Energy stocks were a bright spot, with the UK’s FTSE 100 trading 0.7% higher, helped by oil majors BP and Shell.
In Asia, Japan’s Nikkei 225 closed 0.81% lower, while South Korea’s Kospi fell 3.26%. Australia’s benchmark S&P/ASX 200 inched 0.10% higher. Mainland China’s CSI 300 closed 0.67% lower at 4,480.08.
Global AI-related stocks fell after Anthropic CEO Dario Amodei called for a slowdown of the development of AI capabilities, with other major tech figures backing the proposal.
Amodei said in an essay on Saturday that AI companies need to slow the pace of innovation for their best models due to safety risks, and told CBS News on Sunday that the “toughest dilemma” about such a proposal is what would happen if China did not do the same.
Meanwhile, OpenAI CEO Sam Altman said in a Saturday interview an IPO this year would be “ill-advised.”
Nvidia fell 3%, Intel dropped 6% and Marvell Technology was down 7% in premarket trading. U.S. hyperscalers also fell, with Meta, Amazon, Alphabet and Microsoft all edging lower.
Elsewhere, oil prices rose more than 2% after Saudi Arabia shuttered a key pipeline that bypasses the Strait of Hormuz. U.S. crude prices broke above $100 per barrel last week for the first time since May amid an escalation of conflict in the Middle East.
Last week’s rally in oil prices dragged on the three major stock averages. The Dow slid 1.6%, marking its biggest weekly loss since March. The S&P 500 and Nasdaq Composite shed about 0.8% and 0.7%, respectively.
The Federal Reserve gathers for its September policy meeting this week. Fed funds futures traders are pricing in a roughly 86% likelihood of a rate hike, according to CME’s FedWatch tool.