Dow, S&P 500, Nasdaq futures plunge as fresh strikes intensify Iran conflict

March 3, 2026

Dow, S&P 500, Nasdaq futures plunge as fresh strikes intensify Iran conflict

Breaking News

Image source: Lummi



US stock futures sold off on Tuesday after Israel and US jets launched new strikes on Iran, as the widening conflict stoked worries about a drawn out regional war.

Contracts on the S&P 500 dived 1.7%, while those on the Dow Jones Industrial Average pulled back roughly 1.7%.

Nasdaq 100 futures led the retreat, dropping 2.3%, as oil prices continued to rally on concerns about blocked supply.

The fresh wave of Israeli led attacks has jolted markets that on Monday mostly managed to shake off the initial shock of the outbreak of US Iran hostilities.

The major US gauges staged a comeback from steep intraday losses to mostly close higher, as dip buyers stepped in.

The air strikes on Iran and Lebanon intensify a conflict that Wall Street expects to pressure global markets.

The focus is now on Tehran's response after Iran targeted oil infrastructure and other targets across a huge swathe of the region, with at least nine countries reporting hits. Yahoo Finance reports.

EdgeUp

🗄️ MongoDB stock price slides in premarket as outlook disappoints after earnings beat

MongoDB plunged 27.4% to $235.87 early Tuesday in U.S. premarket action, following a sharp 25.1% drop to $243.50 after hours.

The stock had previously settled at $325.01. The next earnings report is set for May 28, per Investing.com.

This matters. MongoDB is a closely watched bellwether for pricey cloud software, a segment prone to outsized swings on the slightest growth shifts.

Lately, investors want sharper insight into usage based revenue.

The AI hype is loud, but purse strings remain tight. TechStock² reports.


🚀 Why Ouster Shares Are Trading Higher By Around 14%

Shares of Ouster Inc rose sharply in premarket trading after the company reported better than expected fourth quarter financial results and issued first quarter sales guidance above estimates.

Ouster reported fourth quarter revenue of $62.18 million, beating analyst estimates of $41.1 million, according to Benzinga Pro.

The company reported a fourth quarter loss of six cents per share, beating estimates for a loss of 35 cents per share.

Ouster shares jumped 13.8% to $23.04 in the premarket trading session.

Here are some other stocks moving in premarket trading. Benzinga reports.


💾 SanDisk Surges Over 160% In 2026, Outpacing Software's 23% Slump As Big Money Shifts To AI Infra

Institutional investors are aggressively rotating out of software and into AI hardware, driving massive year to date gains for memory and storage leaders while leaving traditional tech sectors behind.

The technology landscape has shifted dramatically in 2026.

While major indices remain relatively flat, a monumental rotation is occurring under the surface.

According to Lucas Downey, co founder of MoneyFlows.com, the market is moving away from the Mag Seven story of previous years. Benzinga reports.


⛏️ Riot Platforms Stock Dips After Q4 Earnings

Riot Platforms, Inc. shares slipped in Monday's extended trading after the company released its fourth quarter earnings report.

Here's a look at the key figures from the quarter.

The Details: Riot Platforms reported quarterly losses of $2.03 per share on quarterly revenue of $152.83 million, according to data from Benzinga Pro. Benzinga reports.


🔦 Coherent and Lumentum shares pop on Nvidia deals. Why optical stocks are so hot these days

Shares of Coherent and Lumentum Holdings climbed on Monday following Nvidia’s announcements of multiyear agreements with both companies for artificial intelligence data center components.

Nvidia said that its nonexclusive agreements with Coherent and Lumentum include multibillion dollar purchase commitments for advanced laser systems and optical networking offerings.

Under the agreements, Nvidia also has access to future offerings and capacity rights for products.

Nvidia is also investing $2 billion into each company, both for research and development, and to support the build out of manufacturing capacity in the US. MarketWatch reports.


🔐 Why CrowdStrike’s stock just got an upgrade ahead of earnings

CrowdStrike Holdings shares now look attractive after an overdone selloff in the cybersecurity sector, according to a Piper Sandler analyst.

Piper’s Rob Owens just upgraded CrowdStrike’s stock to overweight, from neutral, ahead of the company’s fiscal fourth quarter earnings report that is scheduled for Tuesday afternoon.

While artificial intelligence fears have driven CrowdStrike shares 18% lower this year, Owens thinks the worries are misplaced.

In fact, he wrote, CrowdStrike stands to benefit from AI, not get displaced by it.

AI could serve as the next multibillion dollar security opportunity as enterprises look to secure a new attack surface, he wrote. MarketWatch reports.


⚡ The AES Corp FY25 Profit Drops; Stock Down 17%

The AES Corp., a supplier of clean energy to corporations, reported that its net income available to common stockholders for fiscal year 2025 dropped to $900 million or $1.26 per share from $1.679 billion or $2.36 per share in the prior year.

Total revenue for the year was $12.233 billion, down from $12.278 billion last year.

Earlier today, AES Corp. agreed to be acquired by a consortium led by Global Infrastructure Partners, part of BlackRock, Inc., and EQT, alongside California Public Employees' Retirement System and Qatar Investment Authority, in an all cash deal valued at $10.7 billion in equity, or about $33.4 billion including debt.

The transaction is expected to close in late 2026 or early 2027. Nasdaq reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.


1) BATL: Battalion Oil Corporation
Total gain: +152.88%

2) TPET: Trio Petroleum Corp.
Total gain: +73.21%

3) TMDE: TMD Energy Limited
Total gain: +30.07%

4) VG: Venture Global, Inc.
Total gain: +16.87%

5) CISS: C3is Inc.
Total gain: +16.23%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on March 2.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) TMDE: TMD Energy Limited
Total gain: +231.82%
The stock appeared to be moving on no notable news.

2) BATL: Battalion Oil Corporation
Total gain: +113.77%
The stock appeared to be moving on no notable news.

3) RLYB: Rallybio Corporation
Total gain: +45.49%
The company nnounced that they have entered into a definitive agreement pursuant to which Rallybio will acquire Candid through a merger transaction (the "Merger"). Upon completion of the Merger, the combined company expects to operate under the name Candid Therapeutics, Inc. and trade on Nasdaq under the ticker symbol "CDRX". Businesswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


TGT: Target
Q4 2025
Before Market Open
Estimate: 2.160
Actual: N/A

BBY: Best Buy Co
Q4 2026
Before Market Open
Estimate: 2.470
Actual: N/A

NXE: NexGen Energy
Q4 2025
After Market Close
Estimate: -0.030
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

9:55 AM - New York Fed President John Williams remarks - N/A
10:10 AM - Kansas City Fed President Jeff Schmid speaks - N/A
11:55 AM - Minneapolis Fed President Neel Kashkari interview - N/A

Parting Thoughts

“In markets, discomfort is often the price of admission.”

– Michael Mauboussin

Sourced in: Michael Mauboussin on Investing – Morgan Stanley

Disclaimer

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.