Stock Market Today: S&P 500, Nasdaq Futures Tumble—Deere & Co., Dlocal, Applied Materials In Focus

U.S. stock futures were swinging on Thursday after Wednesday’s rally. Futures of major benchmark indices were mixed. President Donald Trump has signed an executive order directing transportation officials and the Federal Aviation Administration to cut red tape, making it easier and faster for space companies like Blue Origin and ULA to get a license for launching and reentering their vehicles. It could boost Elon Musk and his commercial space exploration company, SpaceX‘s operations. Meanwhile, Bitcoin (CRYPTO: BTC) trimmed its gains after hitting a fresh all-time high of $124,457.12 per coin. The 10-year Treasury bond yielded 4.22% and the two-year bond was at 3.67%. The CME Group's FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision. Futures Change (+/-) Dow Jones 0.01% S&P 500 -0.05% Nasdaq 100 -0.09% Russell 2000 -0.17% The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were down in premarket on Thursday. The SPY was down 0.037% at $644.65, while the QQQ declined 0.028% to $580.18, according to Benzinga Pro data. Cues From Last Session: Sectors on the S&P 500 closed mostly positive, with materials, health care, and consumer discretionary stocks recording Wednesday’s biggest gains. However, consumer staples and communication services stocks bucked the market trend, closing the session lower. This came as U.S. stocks settled higher, with the S&P 500 closing at another record high. Performance Food Group Co. (NYSE:PFGC) reported better-than-expected fourth-quarter EPS and sales, while Brinker International Inc. (NYSE:EAT) posted upbeat fourth-quarter results and raised FY2026 guidance. On the economic data front, mortgage applications jumped by 10.9% from the previous week. Treasury Secretary Scott Bessent intensified calls for the Federal Reserve to cut rates in September, urging a 50-basis-point reduction to make up for what he called missed cuts in June and July, had labor market data been accurate. The Dow Jones index ended 464 points or 1.04% higher at 44,922.27, whereas the S&P 500 index rose 0.32% to 6,466.58. Nasdaq Composite advanced 0.14% to 21,713.14, and the small-cap gauge, Russell 2000, gained ...Full story available on Benzinga.com