Stock Market Today: S&P 500, Dow Jones Futures Tumble As US Allies Reject Trump's Call To Deploy Navy At Hormuz—Uber, Lululemon, Cisco In Focus

Market Overview - U.S. stock futures declined after previous gains, with major indices showing negative performance: Dow Jones -0.43%, S&P 500 -0.48%, Nasdaq 100 -0.56%, Russell 2000 -0.84% [1] - The 10-year Treasury bond yield is at 4.23%, while the two-year bond yield is at 3.68%, indicating market expectations for interest rates to remain unchanged in March with a 99.1% probability [1] Stocks in Focus - Uber Technologies (UBER) shows a weaker price trend across short, medium, and long terms, despite a solid growth score [2] - Comtech Telecommunications Corp. (CMTL) fell 9.64% after mixed Q2 results, maintaining a weaker price trend in the short and medium terms but a strong long-term trend [4] - Lululemon Athletica Inc. (LULU) increased by 0.66%, with expected earnings of $4.78 per share on revenue of $3.59 billion, but has a weaker price trend across all time frames [4] - Rhythm Pharmaceuticals Inc. (RYTM) dropped 4.31% after failing to meet primary endpoints in a phase 3 trial for an obesity drug, maintaining a weak price trend [4] - Cisco Systems Inc. (CSCO) decreased by 0.63% despite expanding its secure AI factory with NVIDIA, maintaining a strong price trend but a poor value score [4] Sector Performance - Information technology, consumer discretionary, and communication services sectors led gains in the S&P 500, contributing to a positive close with the index gaining around 1% [5] Economic Insights - LPL Research maintains a resilient outlook for the U.S. economy despite geopolitical uncertainties, noting that the U.S. is less reliant on foreign energy, which should mitigate the impact of current oil shocks on growth and inflation [6] - The Strategic Tactical Asset Allocation Committee (STAAC) holds a tactical neutral stance on equities, looking for opportunities to add equities at lower levels, with an overweight position in communication services and upgraded industrials due to strong earnings momentum [6] Upcoming Economic Data - Investors are anticipating February's pending home sales report and March's Home Builder Confidence Index data, scheduled for release at 10:00 a.m. ET [7] Commodities and Crypto - Crude oil futures rose by 4.72% to approximately $96.82 per barrel, while Gold Spot increased by 0.31% to around $5,021.98 per ounce [8] - Bitcoin traded 1.56% higher at $74,328.27 per coin [8] Global Market Performance - Asian markets closed mixed, with Japan's Nikkei 225 and China's CSI 300 indices declining, while South Korea's Kospi, India's Nifty 50, Australia's ASX 200, and Hong Kong's Hang Seng indices rose [9]