Stock Market Today: S&P 500, Dow Jones Futures Slide Amid War Against Iran— AMTD Digital, Aardvark, MongoDB In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga·2026-03-02 10:23

Market Overview - U.S. stock futures fell sharply on Monday following Friday's losses, influenced by the ongoing Iran-U.S. conflict and the death of Iranian Supreme Leader Ayatollah Ali Khamenei [1] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 indices experienced declines of -1.15%, -1.12%, -1.51%, and -1.36% respectively [3] Company Performance - AMTD Digital Inc. (NYSE:HKD) surged 20% in premarket trading after reporting a year-over-year increase in FY25 revenue [4] - Aardvark Therapeutics Inc. (NASDAQ:AARD) plunged 53.56% after pausing its Phase 3 trial, maintaining a weak price trend in the short and medium terms [4] - Avalon Globocare Corp. (NASDAQ:ALBT) tumbled 22.82% due to a private placement announcement, with a strong short-term price trend but weaker medium and long-term trends [4] - LI Bang International Corporation Inc. (NASDAQ:LBGJ) declined 24.85% after announcing an acquisition, showing a strong short and medium-term price trend but a weak long-term trend [4] - MongoDB Inc. (NASDAQ:MDB) dropped 2.27% as analysts expect earnings of $1.45 per share on revenue of $667.15 million, with a weak short and medium-term price trend but a strong long-term trend [11] Economic Insights - Mohamed El-Erian warns of a "new stagflationary wind" affecting the global economy, driven by geopolitical shocks and stubborn inflation data, with January core PPI rising 0.8% [6] - El-Erian anticipates a market characterized by volatility, dispersion, and fragmentation, with logistical friction from rising insurance premiums and maritime rerouting [7] - The market is expected to experience sharp price swings due to high-profile labor cuts and private credit anxieties, as energy costs rise and growth faces headwinds [8] Commodities and Global Markets - Crude oil futures rose by 7.71% to around $72.19 per barrel, while Gold Spot increased by 2.22% to approximately $5,395.00 per ounce [10]

Stock Market Today: S&P 500, Dow Jones Futures Slide Amid War Against Iran— AMTD Digital, Aardvark, MongoDB In Focus - State Street SPDR S&P 500 ETF Trust (ARCA:SPY) - Reportify