Stock Market Today: Dow Jones, S&P 500 Futures Rise, Nasdaq Falls as Bessent Intensifies Economic Pressure on Iran

Benzinga - News
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1 Video View·Oct 16, 2026
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U.S. stock futures were higher on Friday,
as the Dow Jones, S&P 500, and Nasdaq 100 indices rose
following Thursday's higher close.
Treasury yields pulled back from multi-decade highs Thursday,
with a rout in semiconductor stocks sending investors
into government bonds,
according to the Coase letter.
The 10-year Treasury yield traded around 5.085% Thursday,
down from a 24-year high of 5.36% last week.
Separately, U.S. Treasury Secretary Scott Bessent said
Washington would intensify economic pressure on Iran,
writing that
Reuters reported Iran's seaborne crude exports
fell to zero in the second week of September
and remained at zero as of October 5th.
Meanwhile, the 10-year Treasury bond yielded 5.10 percent
and the 2-year Treasury bond
yielded 4.74 percent at the last check.
The CME Group's FedWatch tool projections show markets pricing
in an 85.1 percent likelihood
of the Federal Reserve keeping interest
rates unchanged after its October meeting.
The SPDR S&P 500 ETF Trust
and Invesco QQQ Trust ETF were higher in premarket trading
on Friday.
SPY was up 0.24% at $773.67, while
the QQQ advanced 0.13% to $728.98.
Stocks in focus for today are Interactive Brokers Group
was 1.14% lower in pre-market
trading on Friday after it reported third quarter
2026 adjusted earnings of $0.67 per share
on revenue of $1.91 billion after the closing bell on Thursday,
compared with estimates of $0.68 per share and $1.89 billion.
J.B. Hunt Transport Services slipped 1.33% as it missed expectations
with earnings of $1.82 per share on revenue
of $3.68 billion after the closing bell on Thursday,
compared with estimates of $1.90 per share and $3.58 billion.
Alcoa was 2.13% higher in pre-market trading on Friday
after it reported mixed third-quarter 2026 earnings of $1.82 per share
on revenue of $3.70 billion after the closing bell on Thursday,
compared with estimates of $1.47 per share and $3.79 billion.
Tesla was 4.36% higher in pre-market trading
on Friday as it officially unveiled the awaited
Roadster high-performance vehicle,
showing off the car's hovering capabilities powered
by thrusters from Space Exploration Technologies Corp.
CoreWeave sank 4.09% in pre-market trading
on Friday as its bonds hit a 15% yield, and
Gartner said neoclouds may face impairment losses by 2030.
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