Wall Street futures decline as oil prices rise; Nasdaq fall up to 1%

New business data points to the fact that Wall Street futures declined on Thursday evening as crude prices rose amid the ongoing conflict in the West Asia, while market participants additionally exercised caution ahead of a closely watched summit between US President Donald Trump and Chinese President Xi Jinping.

US and Iranian leaders exchanged barbs at the UN General Assembly the current week, sending Brent crude prices back above USD 100 a barrel. A potential ban on US diesel exports additionally further noted to investor caution.

Nasdaq futures declined up to 1 percent, while Dow futures declined 0.24 percent. S&P 500 futures declined 0.46 percent, at around 5:50 p.m. IST.

In the meantime, the yield on the 30-year Treasury bond touched its highest level since 2004 as the market priced in the likelihood of a prolonged war and elevated borrowing costs.

In Asian markets, Japan's Nikkei 225 ended in positive territory, while Shanghai's SSE Composite index and Hong Kong's Hang Seng index settled softer.

Markets in Europe were trading in negative territory.

In the meantime, Indian equity markets tumbled, with the benchmark Sensex tanking nearly 1,248 points to settle at an over three-month low due to across-the-board selling, led by financial, metal, auto and oil shares amid a spike in oil price marks and surging US bond yields.

The Sensex tanked 1,247.71 points, or 1.67 percent to settle near the day's low at 73,580.54, its lowest closing level since June 8. Through the session, it plummeted 1,264.33 points, or 1.68 percent to 73,563.92.

The Nifty eased 383.70 points, or 1.64 percent to end at a more than five-month low of 23,063.10.