Stock market today: Dow, S&P 500, Nasdaq futures drop, oil prices jump as a joint attac from US and Israel rocks Iran

Geopolitical Impact - US and Israel conducted military strikes on Iran, leading to a significant drop in US stock futures, with Dow Jones futures down about 1%, S&P 500 down 0.5%, and Nasdaq 100 down around 0.3% [1] - Iranian leaders have vowed a strong response, raising concerns about a potential broader regional conflict [1] Oil Market Reaction - Brent crude futures surged approximately 13% in early trading, reaching $82 per barrel due to supply fears, as Iran is OPEC's fourth-largest producer [2] - The geopolitical situation has heightened concerns regarding political leadership and stability in Iran following the death of Khamenei [2] Equity Market Environment - The S&P 500 closed lower at the end of February, reflecting ongoing volatility in artificial intelligence and software sectors, with investors questioning the impact of rapid AI adoption on traditional software business models [3] Economic Calendar - The upcoming February jobs report is anticipated, with Wall Street expecting the addition of 60,000 jobs, a decrease from January's 130,000 gain [4] - Corporate earnings reports are scheduled, with Broadcom reporting on Wednesday and Marvell Technology on Thursday, alongside retail earnings from Target and Costco [4]