Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Mixed as Trump Touts Iran Settlement Hopes

U.S. stocks were mixed on Tuesday as the Dow Jones, S&P 500, and Nasdaq 100 index futures moved in different directions following Monday's mixed close. President Donald Trump said oil prices were dropping like a rock. As he pointed to Iran wanting a settlement as soon as possible and said a peace deal could happen ahead of Tuesday's midterm elections. Iranian President Masoud Pezeshkian said Supreme Leader Mojtaba Khamenei granted his government additional authority to pursue negotiations. We are striving to resolve the issue through dialogue. Reuters reported Tuesday that U.S. forces struck targets on Iran's Qeshm Island near the Strait of Hormuz, with American officials describing the strikes as defensive measures against threats to U.S. assets and commercial shipping. Meanwhile, the 10-year Treasury bond yielded 4.91 percent, and the two-year Treasury bond yielded 4.59 percent at the last check. The CME Group's FedWatch tool projections show markets pricing in a 75.2% likelihood of the Federal Reserve hiking interest rates after its December meeting. The SPDR S&P 500 ETF Trust, the Invesco QQQ Trust ETF, and the SPDR Dow Jones Industrial Average ETF Trust were mixed in pre-market trading on Tuesday. The SPY was down 0.11% at $751.26. The QQQ advanced 0.20% to $682.44, and the DIA fell 0.54% to $516.51. Stocks in focus for today are Apple was 4.57% lower in pre-market trading on Tuesday, despite reporting fourth quarter 2026 earnings that beat estimates, with EPS of $2.10 on revenue of $114.48 billion versus estimates of $1.99 and $113.39 billion. Palantir Technologies was 5.13% lower in pre-market trading on Tuesday, despite reporting third quarter 2026 earnings that beat estimates, with EPS of 44 cents on revenue of $2.31 billion. Versus estimates of $0.41 and $2.18 billion. Vertex Pharmaceuticals was 0.61% higher in pre-market trading on Tuesday after reporting third quarter 2026 earnings that were a mixed result versus estimates, with EPS of $4.76 on revenue of $3.44 billion versus estimates of $4.82 and $3.42 billion. Grab Holdings was 8.22% higher in pre-market trading on Tuesday after reporting third quarter 2026 earnings that were a mixed result versus estimates, with revenue of $1.11 billion versus estimates of $1.07 billion. Advanced Micro Devices was 2.34% higher in pre-market trading on Tuesday As analysts expect third quarter 2026 EPS of $1.95. On revenue of $13.09 billion after the closing bell. Thank you for watching and make sure to subscribe.