Stock Market Today: S&P 500, Nasdaq 100 Futures Drop as Bessent Says Iranian Aviation Restrictions Are Working — ABNB, ORCL, COST in Focus
U.S. stock futures declined on Thursday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Wednesday’s mixed close. Treasury Secretary Scott Bessent told Fox News that President Donald Trump ‘s aviation restrictions are working, noting that 80% to 90% of Iran’s external flights have been shut down under “Operation Economic Outcast.” However, geopolitical tensions remain high as Iranian Security Chief Mohsen Rezaee warned neighboring countries against enforcing U.S. sanctions and reaffirmed that the Strait of Hormuz will not reopen without conditions being met. Thursday’s earnings slate features reports from Costco Wholesale Corp. (NASDAQ: COST ), Darden Restaurants Inc. (NYSE: DRI ), TD Synnex Corp. (NYSE: SNX ), and BlackBerry Ltd. (NYSE: BB ). Meanwhile, the 10-year Treasury bond yielded 5.14%, and the 2-year Treasury bond yielded 4.9% at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 70.9% likelihood of the Federal Reserve hiking interest rates after its October meeting. Index Performance (+/-) Dow Jones -0.48% S&P 500 -0.65% Nasdaq 100 -1.06% Russell 2000 -0.38% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ET
S. stock futures declined on Thursday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Wednesday’s mixed close. S. sanctions and reaffirmed that the Strait of Hormuz will not reopen without conditions being met.
Thursday’s earnings slate features reports from Costco Wholesale Corp. (NASDAQ: COST ), Darden Restaurants Inc. (NYSE: DRI ), TD Synnex Corp. (NYSE: SNX ), and BlackBerry Ltd.
(NYSE: BB ). 9% at the last check. 9% likelihood of the Federal Reserve hiking interest rates after its October meeting. 38% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday.
40. Read Also: Stock Market: Will S&P 500 Open Up or Down Today? Stocks In Focus Stitch Fix Stitch Fix Inc. 44% in premarket on Thursday after reporting mixed fourth-quarter financial results and issued weak first-quarter sales guidance.
’s Edge Stock Rankings indicate that SFIX maintains a weak price trend in the short, medium, and long terms. B. B. 58% higher in Thursday premarket after reporting mixed results for the third quarter.
’s Edge Stock Rankings indicate that FUL maintains a weak price trend in the short, medium, and long terms, with a moderate quality score. Costco Wholesale Costco Wholesale Corp. 82 billion after the closing bell. ’s Edge Stock Rankings indicate that COST maintains a weak price trend in the medium, short, and long term, with a moderate value score.
Airbnb Airbnb Inc. ’ s (NASDAQ: META ) Muse announced that it can make bookings itself, which is the transaction Airbnb charges for when a guest reserves a home. ’s Edge Stock Rankings indicate that ABNB maintains a strong price trend in the long and medium terms but a weak trend in the short term, with a moderate quality score. Oracle Oracle Corp.
42 million worth of company shares this week, following its job cuts. ’s Edge Stock Rankings indicate that ORCL maintains a weak price trend in the long and medium terms but a strong trend in the short term, with a good growth score. 8% Rally Cues From Last Session Communication services, utilities, and consumer discretionary stocks led losses on Wednesday as most S&P 500 sectors closed lower, though energy stocks bucked the broader trend to finish higher. S.
” While heavy capital investment in semiconductors and data centers continues “supporting economic growth and corporate earnings,” broad corporate integration remains in its early stages. Because many businesses are still evaluating whether AI adoption “can deliver measurable returns,” stock prices can periodically outrun near-term fundamentals. ” Rather than concentrating capital in a few headline names, he expects market leadership to rotate across the broader supply chain. Alvarado currently maintains an overweight position in Information Technology alongside exposure to Communication Services and Materials.
” Upcoming Economic Data Here’s what investors will be keeping an eye on Thursday. Weekly initial jobless claims for the week ending Sept. m. ET.
m. ET. 35 per barrel. 59 per ounce.
S. 1160 level. 36 per coin over the last 24 hours. Asian markets were lower on Thursday, except Japan’s Nikkei 225 and South Korea’s Kospi indices.
China’s CSI 300, Hong Kong’s Hang Seng, India’s Nifty 50, and Australia’s ASX 200 indices fell. European markets were lower in early trading. See More: Top Growth Stocks Photo courtesy: Shutterstock