Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Mixed as Trump Touts Iran Settlement Hopes

U.S. stocks were mixed on Tuesday, as the Dow Jones, S&P 500, and Nasdaq 100 index futures moved in different directions, following Monday’s mixed close. President Donald Trump said oil prices were "dropping like a rock" as he pointed to Iran wanting a settlement "as soon as possible," and said a peace deal "could happen" ahead of Tuesday’s midterm elections. Iranian President Masoud Pezeshkian said Supreme Leader Mojtaba Khamenei granted his government additional authority to pursue negotiations, adding, "We are striving to resolve the issue through dialogue." Reuters reported Tuesday that U.S. forces struck targets on Iran’s Qeshm Island near the Strait of Hormuz, with American officials describing the strikes as defensive measures against threats to U.S. assets and commercial shipping. – Meanwhile, the 10-year Treasury bond yielded 4.91%, and the 2-year Treasury bond yielded 4.59%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 75.2% likelihood of the Federal Reserve hiking interest rates after its December meeting. The SPDR S&P 500 ETF Trust (NYSE: SPY), the Invesco QQQ Trust ETF (NASDAQ: QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA), which track the S&P 500 index, Nasdaq 100 index and Dow Jones Industrial Average, respectively, were mixed in premarket trading on Tuesday. The SPY was down 0.064% at $751.62, the QQQ advanced 0.35% to $683.44, and the DIA fell 0.58% to $516.33.