Dow, S&P 500, Nasdaq Futures Slip As Trump Threatens ‘Much Higher Level’ Of Bombing In Iran Deal Failure: SNAP, ARM, ROOT, PSKY Stocks In Focus Today

• Meanwhile, on Wednesday, the S&P 500 and the Nasdaq Composite notched record highs for a second day in a row.
• Oil futures climbed higher in Wednesday’s overnight session. 
• Treasury yields on the benchmark 10-year were at 4.344%, while gold traded around $4,711.24 an ounce.

U.S. stock futures declined marginally in Wednesday’s overnight trading after President Donald Trump threatened a “much higher level” of bombings in Iran in case of failed negotiations, eclipsing the boost from artificial intelligence optimism.

Dow Jones futures were about 0.10% lower at the time of writing, while the S&P 500 futures were also down 0.10%, and Nasdaq 100 futures lost 0.23% as of 8.39 p.m ET.  

Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ), and the SPDR Dow Jones Industrial Average ETF Trust (DIA) were climbing higher. Meanwhile, retail sentiment on Stocktwits for three indexes was green.

How Did US Markets Fare?

On Wednesday, the S&P 500 and the Nasdaq Composite notched record highs for a second day in a row, climbing to 7,365.12 and 25,838.94, respectively. Meanwhile, the Dow Jones Industrial Average added more than 600 points to close 1.24% higher.

US Market Drivers

U.S. stock markets soared on Wednesday as a deal with Iran seemed closer to completion after reports that Iran was considering a U.S. proposal to end the war.

However, Trump later threatened an escalation of attacks on Iran if the Middle Eastern country did not agree to the deal from Washington.

“Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” Trump said in a post on Truth Social on Wednesday.

Meanwhile, investors are looking out for earnings releases from top companies. Spectacular performances from blue-chip companies, especially in the technology and AI sectors, have bolstered the market this quarter. Results from CoreWeave Inc. (CRWV), Rocket Lab USA Inc. (RKLB), and Airbnb Inc. (ABNB), among others, are due on Thursday.

Investors will also be looking out for jobs data and other employment-related updates on the economic front.

Trending Stocks To Watch

Snap Inc. (SNAP): The social media company’s shares slipped by over 8% in extended trading hours after it reported its first-quarter (Q1) results and highlighted a substantial hit to its advertising revenues due to the Iran war.

Arm Holdings Plc. (ARM): The company’s share prices slipped more than 6% despite a double beat in the fourth quarter (Q4). However, the company flagged supply chain constraints that could affect its ability to meet demand, weighing on sentiment.

Root Inc. (ROOT): The insurance carrier garnered attention after it posted a record net income of $36 million, nearly doubling year-over-year, in Q1 2026.

Paramount Skydance Corp. (PSKY): The company was on the retail radar after Warner Bros. Discovery (WBD) reported Q1 results on Wednesday, amid the takeover deal.

Broader Market Trends

Oil futures climbed higher in Wednesday’s overnight session. Brent crude futures expiring in July were up about 0.59%, trading at around $101.87 a barrel, while WTI crude futures expiring in June were up 0.64% to $95.69 a barrel at the time of writing.

Treasury yields on the benchmark 10-year were at 4.344%, while gold traded around $4,711.24 an ounce.

Asian markets were mixed at the open on Thursday. Japan’s Nikkei 225 breached the 62,000 mark for the first time, while the SSE Composite Index also climbed higher. The KOSPI was declining at the time of writing, while Australian stocks edged up higher at the open.

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