Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Drop Following Asian Market Sell-off, Middle East Tensions

U.S. stock futures were lower on Thursday as the Dow Jones, S&P 500, and Nasdaq 100 indices fell following Wednesday's higher close. Separately, Iranian Foreign Minister Abbas Araghchi said Tehran is willing to resume diplomacy with President Donald Trump's administration and added that Iran would reconsider negotiations if Washington genuinely committed to building trust and reaching a fair agreement. But if U.S. chooses war over diplomacy, it'll certainly result in an even greater strategic failure, he wrote. Also, Asian markets retreated Thursday, as reports that the U.S. and Israel have drawn up plans for potential renewed strikes on Iran after the November midterm elections heightened geopolitical uncertainty. Meanwhile, the 10-year Treasury bond yielded 5.08 percent, and the two-year Treasury bond yielded 4.77 percent at the last check. The CME Group's FedWatch tool projections show markets pricing in an 87.3% likelihood of the Federal Reserve keeping interest rates unchanged after its October meeting. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF were lower in pre-market trading on Thursday. The SPY was down 0.99% at $765.43, while the QQQ declined 1.75% to $712.50. Stocks in focus for today are Meta Platforms was 1.14% lower in pre-market trading on Thursday, despite beating third quarter 2026 earnings. It reported earnings of $7.40 per share on revenue of $64.60 billion versus estimates of $5.74 per share and $63.37 billion after the closing bell on Wednesday. Tesla dropped 5.36% in pre-market trading despite beating third quarter 2026 earnings expectations. Its earnings came in at $0.48 per share on revenue of $28.05 billion versus estimates of $0.43 per share and $27.88 billion after the closing bell on Wednesday. Lam Research dropped 8.94% in pre-market trading on Thursday after it reported first quarter 2027 earnings of $2.20 per share on revenue of $8.22 billion versus estimates of $2.18 per share and $8.15 billion after the closing bell on Wednesday. On the guidance, CFO Doug Bettinger said that it would have been a bit higher without near-term supply constraints. International Business Machines was 5.82% lower in pre-market trading on Thursday despite beating third-quarter earnings. It reported adjusted earnings of $2.95 per share on revenue of $17.10 billion versus estimates of $2.86 per share and $16.82 billion after the closing bell on Wednesday Western Digital was 2.92 percent lower in pre-market trading on Thursday as analysts expect first quarter 2027 earnings of four dollars and eight cents per share and revenue of four point one three billion dollars after the closing bell Thank you for watching and make sure to subscribe