Stock Market Today: Dow Jones, S&P 500 Futures Gain While Nasdaq 100 Falls as Scott Bessent Says Iran's Economy Is 'Collapsing' — SXTC, AMAT
U.S. stock futures were swinging between gains and losses on Tuesday, as the Dow Jones and S&P 500 indices rose, while the Nasdaq 100 index fell, following Monday’s mixed close. The ongoing war in Iran is mounting significant economic and strategic pressure on the U.S. as Brent futures hover around $105 and household costs surge by nearly $2,000. While Treasury Secretary Scott Bessent said Iran’s economy is “collapsing” under pressure, high inflation, and elevated interest rates, Iran has threatened to target critical digital infrastructure. Meanwhile, the 10-year Treasury bond yielded 5.19%, and the 2-year Treasury bond yielded 4.76% at last check. The CME Group’s FedWatch tool projections show markets pricing in a 19.4% likelihood of the Federal Reserve hiking interest rates after its October meeting. Index Performance (+/-) Dow Jones 0.50% S&P 500 0.01% Nasd...