Stock futures fell on Tuesday, the first day of September, as inflation worries and elevated oil prices lifted bond yields in the U.S. and abroad, raising concern about whether the Federal Reserve will tighten monetary policy later this month. Dow Jones Industrial Average futures shed 335 points, or 0.6%. S&P 500 futures shed 0.6% as well, while Nasdaq-100 futures pulled back 1.2%. Tech stocks fell broadly. Nvidia, Advanced Micro Devices, and Micron Technology were all down more than 1%. Microsoft lost 1% as well, while Google-parent Alphabet slipped 0.6%. Global bond yields continued their march higher. “The market is exhibiting signs of nervousness across a myriad of indicators,” traders at Goldman Sachs wrote, pointing to new American Association of Individual Investors Sentiment Survey data. “This attitude toward risk is not just theoretical; investors are quite literally putting their money where their mouth is in terms of portfolio risk allocations.” The U.S. 10-year Treasury note yield scaled to levels not seen since January 2025. Japan’s 10-year yield reached its highest level since August 1996, while Germany’s benchmark yield rose to a 2011 high. Yields around the world have been rising recently as traders worry that persistently higher oil prices may drive inflation. On top of that, September has been a historically bad month for stocks. In Asia, Japan’s Nikkei 225 closed 0.15% lower, while South Korea’s Kospi rose 0.23%. Australia’s benchmark S&P/ASX 200 fell 0.10%. Mainland China’s CSI 300 closed 0.30% lower. U.S. oil prices continued their climb Tuesday, rising more than 2% to trade above $87 per barrel. Brent futures also gained more than 1% to trade around $92. The moves come as traders weigh tensions in the Middle East following a resumption of military action between the U.S. and Iran. On Monday, a tanker passing through the Strait of Hormuz was hit by three unknown projectiles. Additionally, President Donald Trump threatened to respond to Iran’s latest attacks on U.S. military bases in the region, telling Fox News Monday that “we are going to hit them hard.” Gold fell over 1% on Tuesday, pressured by elevated U.S. Treasury ​yields, while markets awaited key ​U.S. labor market ​data for fresh signals on the Federal Reserve’s monetary policy outlook. Spot gold was down 1.2% to $4,393.89 per ounce, its lowest level since August 19. U.S. ⁠gold ‌futures fell 0.9% to $4,443.10.