Stock Market Today: S&P 500, Dow Futures Down Ahead Of 'Triple Witching' As Iran Warns Of 'Zero Restraint'

U.S. stock futures declined on Friday following Thursday’s declines. Futures of the major benchmark indices were lower. Iran warned of “zero restraint” following strikes on its energy infrastructure amid the ongoing war, while the first U.S. F-35 jet was reportedly hit by Iranian fire during a combat mission. Additionally, Iranian attacks have knocked out 17% of Qatar's LNG export capacity, threatening $20 billion in annual losses and long-term disruptions to global energy supplies. Also, market volatility is expected to surge today as the S&P 500 enters a “triple witching” session, a quarterly event where the simultaneous expiration of stock options, index options, and index futures has resulted in a positive session only 25% of the time over the last five years. Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.83%. The CME Group's FedWatch tool‘s projections show markets pricing a 93.8% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April 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 0.55% at $656.16, while the QQQ declined 0.48% to $590.15.