Dow, S&P 500, Nasdaq futures plunge as fresh strikes intensify Iran conflict

Stock Market Today

US stock futures plunged after new Israeli and US strikes intensified the Iran conflict, raising concerns about a regional war.
S&P 500 futures dived 1.7%, Dow Jones futures pulled back 1.7%, and Nasdaq 100 futures dropped 2.3%.
Oil prices rallied due to blocked supply concerns.
Markets had initially shaken off the conflict's outbreak on Monday, with major US gauges staging a comeback.
The focus is now on Tehran's response after Iran targeted oil infrastructure in at least nine countries.

EdgeUp

MongoDB: Stock price slid 27.4% in premarket due to a disappointing outlook despite an earnings beat.
Ouster Inc: Shares rose 14% in premarket after reporting better-than-expected Q4 financial results and strong Q1 sales guidance.
SanDisk: Surged over 160% in 2026 as institutional investors shifted from software to AI hardware.
Riot Platforms, Inc.: Stock dipped after Q4 earnings reported losses of $2.03 per share on $152.83 million revenue.
Coherent and Lumentum: Shares popped on multiyear, multibillion-dollar agreements with Nvidia for AI data center components, including R&D investments and capacity rights.
CrowdStrike Holdings: Stock received an upgrade to overweight from Piper Sandler, with the analyst believing AI will benefit, not displace, cybersecurity.
The AES Corp.: FY25 profit dropped to $900 million; stock down 17%. The company agreed to be acquired by a consortium for $10.7 billion in equity.

Is the S&P Getting Toppy? Margins, AI Risk and a Market With No Room for Error

The market may be running out of margin for error despite recent dip buying.
Nvidia's post-earnings sell-off dragged Nasdaq lower.
Hotter-than-expected inflation data pushes back rate cut hopes.
Geopolitical tensions with Iran are lifting oil prices and reintroducing risk premium.
S&P 500 margins are rolling over from peak levels, potentially affecting valuation multiples.
AI enthusiasm is shifting to "AI disruption fear," causing software stocks to reprice based on recalibrated long-term growth assumptions.
Market breadth has weakened, small caps are struggling, and defensive sectors are attracting flows, indicating underlying caution.
Technically, the S&P looks "toppy" but holds key support; a pause in the market may be imminent if buyers hesitate.

Top 5 Movers In Early Pre-Market

Yesterday's Biggest Movers

TMDE (TMD Energy Limited): +231.82% (No notable news)
BATL (Battalion Oil Corporation): +113.77% (No notable news)
RLYB (Rallybio Corporation): +45.49% (Announced merger agreement with Candid Therapeutics)

Today’s Notable Earnings

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