S&P 500 Futures Gain, Nasdaq 100 Slips as Trump Administration Targets Iranian Airlines — LEN, GRML, ACN in Focus

U.S. stock futures were mixed on Tuesday, as the Dow Jones and S&P 500 indices rose and the Nasdaq 100 index fell, following Monday’s higher close.

U.S. Treasury Secretary Scott Bessent announced that Iranian airlines will be "shut down" worldwide by Wednesday, warning foreign entities that providing fuel or landing services will result in exclusion from the dollar-based financial system. Treasury also sanctioned major foreign financial institutions in Egypt, Turkey, and Russia for facilitating Iranian transactions. Following the news, energy prices moved higher, with Brent crude futures rising 1.05% to $101.39 per barrel.

Tuesday’s earnings include reports from AutoZone Inc. (NYSE:AZO), Thor Industries Inc. (NYSE:THO), KB Home (NYSE:KBH), Worthington Enterprises Inc. (NYSE:WOR), and MillerKnoll Inc. (NASDAQ:MLKN).

Meanwhile, the 10-year Treasury bond yielded 4.97%, and the 2-year Treasury bond yielded 4.77%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 57.6% likelihood of the Federal Reserve hiking interest rates after its October meeting.

The SPDR S&P 500 ETF Trust (NYSE: SPY) and Invesco QQQ Trust ETF (NASDAQ: QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Tuesday. The SPY was up 0.063% at $773.99, while the QQQ declined 0.097% to $740.75.

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