Stock Market Today: S&P 500, Nasdaq 100 Futures Fall Amid Escalating US-Iran Tensions

Walmart, DoorDash, eBay in focus as traders analyze Fed minutes and oil price rise

Published on Feb. 24, 2026

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U.S. stock futures dropped on Thursday after closing higher on Wednesday, with futures of all the major benchmark indices lower. Traders analyzed the Federal Reserve's January meeting minutes, which exposed significant disagreements among officials concerning the future of interest rates. Additionally, indirect nuclear talks between Iran and the U.S. stalled in Geneva, pushing oil prices higher.

Why it matters

The drop in stock futures and the rise in oil prices reflect the ongoing market volatility and uncertainty surrounding the Federal Reserve's monetary policy and the geopolitical tensions between the U.S. and Iran. These factors can have significant implications for the broader economy and investor sentiment.

The details

The 10-year Treasury bond yielded 4.10%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool's projections show markets pricing a 94% likelihood of the Federal Reserve leaving the current interest rates unchanged in March. Meanwhile, DoorDash (DASH) maintains a weaker price trend, eBay (EBAY) maintains a stronger price trend, and Lockheed Martin (LMT) maintains a stronger price trend. Interactive Strength Inc. (TRNR) gained 12.47% following a definitive agreement to acquire game-based connected fitness company Ergatta, Inc. Walmart Inc. (WMT) tumbled 1.50% as analysts expect it to report quarterly earnings of 73 cents per share on revenue of $190.43 billion before the opening bell.

  • The Federal Reserve's January meeting minutes were released on Thursday.
  • Indirect nuclear talks between Iran and the U.S. stalled in Geneva on Thursday, pushing oil prices higher.

The players

Federal Reserve

The central banking system of the United States, responsible for monetary policy and financial system stability.

Iran

A country in the Middle East that has been in indirect nuclear talks with the United States.

DoorDash

An American company that operates an online food ordering and delivery platform.

eBay

An American multinational e-commerce corporation that facilitates consumer-to-consumer and business-to-consumer sales through its website.

Lockheed Martin

An American aerospace, arms, defense, information security, and technology corporation that works extensively with the U.S. Department of Defense and other U.S. government agencies.

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What they’re saying

“He highlights a 'sweet spot' in the labor market where jobless claims signal resilience without overheating, alongside a significant 'near-2% annual gain in weekly pay' that is meaningfully improving consumer purchasing power.”

— Jeremy Siegel (Benzinga)

“This cooling inflation and rising real income, he argues, creates an environment where the Federal Reserve has ample room to continue lowering interest rates.”

— Jeremy Siegel (Benzinga)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.