Stock Market Today: S&P 500, Dow Futures Decline As US And Iran Exchange Strikes— Snowfalke, Salesforce, Costco In Focus

U.S. stock futures fell on Thursday, after a higher close on Wednesday, as all indices ended marginally higher, but the small-cap index, the Russell 200 declined.

A U.S. official, speaking anonymously to Reuters, said American forces struck an Iranian ground control station in Bandar Abbas that was allegedly preparing to launch attack drones.

The official also said U.S. forces shot down four one-way drones that posed a threat near the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said

Meanwhile, the 10-year Treasury bond yielded 4.50%, and the two-year bond was at 4.05%. The CME Group’s FedWatch tool‘s projections show markets pricing a 99.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

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, were lower in premarket on Thursday. The SPY was down 0.087% at $749.81, while the QQQ was lower by 0.24% to $727.72.

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