Stock Market Today: Dow Jones, S&P 500 Futures Fall as Investors Await SK Hynix Debut and US Reportedly Mulls ‘Technical

U.S. stock futures were lower on Friday, as the Dow Jones, Nasdaq 100 and S&P 500 indices fell, following Thursday’s higher close. As the tensions in the Middle East re-escalated this week, MS Now reported that the U.S. will engage in “technical talks” with Iran and remains committed to resolving the conflict. This followed fresh reports from the Wall Street Journal on Thursday that said Iran has developed a fresh plan to kill President Donald Trump, marking what could be a significant escalation in tensions between Washington and Tehran. Market attention is centered on the AI sector ahead of SK Hynix Inc.’s (NASDAQ:SKHY) highly anticipated Nasdaq debut. This IPO arrives as investors evaluate a recent semiconductor sell-off that has tested confidence in the AI boom. Meanwhile, the 10-year Treasury bond yielded 4.54%, and the two-year bond was at 4.17%. The CME Group’s FedWatch tool‘s projections show markets pricing a 79.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’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 Friday. The SPY was down 0.11% at $750.91, while the QQQ declined by 0.48% to $719.73.