Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Fall as Iran Threatens to Target Undersea Cables — SPCX, NFLX, STLD in Focus (UPDATED)
Key takeaways
- Geopolitical tension over undersea cables and a modest rise in Treasury yields pushed U.S. futures lower, while the market remains wary of further rate hikes.
- 10‑year Treasury yield 5.11%
- 2‑year Treasury yield 4.76%
- FedWatch odds 82.8% for unchanged rates
What happened
U.S. stock futures slipped as the Dow Jones, S&P 500 and Nasdaq 100 fell after a mixed Monday close. The decline followed a warning from Iran’s IRGC that it could target undersea cables in the Strait of Hormuz, adding geopolitical risk. Meanwhile, the 10‑year Treasury yield was 5.11% and the 2‑year was 4.76%, with the FedWatch tool pricing an 82.8% chance the Federal Reserve will keep rates unchanged at its October meeting.
Why it matters
The cable threat heightens uncertainty about global internet and trade flows, which can weigh on risk‑seeking assets. The modest drop in futures signals investors are pricing in geopolitical tension and a potential tightening of monetary policy. The Treasury yields and FedWatch odds suggest the market is still…
Short-term and longer-term
Short-term. In the next day or two, watch the Nasdaq 100 for any rebound as the cable threat may ease if diplomatic talks progress.
Longer-term. Over the coming months, the cable threat could influence global supply chains and data center costs, potentially affecting tech and logistics stocks.