Stock Market: Will S&P 500 Open Up or Down Today?
U.S. stock futures are trending slightly lower early Thursday as investors digest hawkish inflation survey data, rising Treasury yields, and reports that the Pentagon is preparing for potential military strikes in Iran. The Polymarket (CRYPTO: POL) crowd is nearly evenly split for the Oct. 8 trading session. The “S&P 500 (SPX) Up or Down on October 8?” contract currently reflects a 52% chance of a higher open. Why That Number Matters Traders are balancing negative index futures against rising energy costs, surging yields, and ongoing corporate developments: Lower Index Futures: Equity futures point to a muted red open across major benchmarks. Dow Jones futures dropped 0.14%. S&P 500 futures fell 0.05%. Nasdaq 100 futures slipped 0.06%, and Russell 2000 futures ticked down 0.17%. Geopolitics & Rising Oil: Tensions are escalating rapidly as the Pentagon has reportedly instructed U.S. Central Command to complete preparations for potential major combat operations in Iran, targeting nuclear and energy infrastructure before the upcoming U.S. midterms. The White House stated that President Donald Trump “holds all the cards.” In response to the heightened risk, energy prices surged; Brent
S. stock futures are trending slightly lower early Thursday as investors digest hawkish inflation survey data, rising Treasury yields, and reports that the Pentagon is preparing for potential military strikes in Iran. The Polymarket (CRYPTO: POL) crowd is nearly evenly split for the Oct. 8 trading session.
” contract currently reflects a 52% chance of a higher open. Why That Number Matters Traders are balancing negative index futures against rising energy costs, surging yields, and ongoing corporate developments: Lower Index Futures: Equity futures point to a muted red open across major benchmarks. 14%. 05%.
17%. S. S. midterms.
01 a barrel. 9%) and news that Space Exploration Technologies Corp. (NASDAQ: SPCX ) is seeking a massive $40 billion in financing —including $30 billion in investment-grade debt—to purchase Nvidia chips. Earnings & Eco Data: Thursday’s earnings docket includes reports from PepsiCo Inc.
(NASDAQ: PEP ), Novagold Resources Inc. (NYSE: NG ), Nurix Therapeutics Inc. (NYSE: NRIX ), and T ilray Brands Inc. (NASDAQ: TLRY ).
m. m. ET. St.
m. ET. The Bull Case and Market Outlook With the 10-year Treasury yield spiking back up and Ray Dalio renewing his AI bubble warning, the “higher-rates side of the tug-of-war punched back,” according to tech strategist Luke Lango. However, Lango views the current weakness as a buying opportunity.
He noted that while consumers expect a tougher year ahead based on the NY Fed survey, five-year inflation expectations remained anchored at 3%, preventing long-term expectations from becoming unmoored. Furthermore, Advanced Micro Devices Inc. (NASDAQ: AMD ) and Micron Technology Inc. (NASDAQ: MU ) are both signaling that demand will continue to exceed supply into 2027 and 2028, suggesting that AI infrastructure spending remains robust enough to justify selective market exposure rather than an exit.
How the Previous Bet Played Out The Oct. ” The contract recorded $37,113 in total trading volume. On Wednesday, the SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq-100, respectively, closed lower. 73.
02. Read Also: Jeff Bezos Just Put Blue Origin's IPO on the Radar After $10 Billion Funding Round: 'It Probably Makes Sense' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo courtesy: Shutterstock