Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Decline as Pentagon Prepares for Potential Military Strikes on Iran — APLD, LEVI, MU in Focus (UPDATED)
Key takeaways
- Geopolitical jitters and mixed corporate earnings are pushing U.S. markets into a cautious, risk‑off stance ahead of the open.
- Oil futures ~ $104/barrel
- 10‑year Treasury yield 5.32%
- 2‑year Treasury yield 4.79%
What happened
U.S. stock futures fell ahead of the open as the Pentagon signaled possible military strikes on Iran, while oil prices jumped to about $104 a barrel. The S&P 500, Dow Jones and Nasdaq 100 futures all slipped, and the SPY and QQQ ETFs were lower in pre‑market trading. On the corporate front, Applied Digital Corp. (APLD) rose 3.95% after better‑than‑expected Q1 results, Levi Strauss fell 1.08% on mixed Q3 fiscal 2026 earnings, Marvell Technology (MRVL) dropped 1.60% despite a strong multi‑year…
Why it matters
Geopolitical tension in the Middle East is tightening oil supply expectations, pushing energy prices higher and adding cost pressure to the economy. The market’s reaction to the Pentagon’s warning shows risk‑off sentiment, while the mixed corporate results highlight sector‑specific vulnerabilities. The Fed’s stance…
Short-term and longer-term
Short-term. Day traders should watch the overnight futures for any sharp moves in the S&P 500 and Nasdaq 100, especially if oil prices climb further.
Longer-term. Over the next few weeks, investors should monitor how the Fed’s rate‑hike path evolves, as it will shape bond yields and equity risk premiums.