Dow, S&P 500, Nasdaq futures sink as Iran launches strikes in face of Trump warning

March 23, 2026

Dow, S&P 500, Nasdaq futures sink as Iran launches strikes in face of Trump warning

Breaking News

Image source: Lummi



US stocks were poised for yet another bruising day on Monday as Iran and President Trump traded war threats, raising tensions and stakes in a Middle East conflict that risks a brutal hit to the global economy.

Dow Jones Industrial Average futures dropped roughly 0.8%, while those on the S&P 500 fell 0.7%. Contracts on the tech-heavy Nasdaq 100 led the losses, down 1%.

Stocks are on track to extend a brutal sell-off as the Middle East conflict enters its fourth week on the brink of major escalation.

Risks built over the weekend as the exchange of violent rhetoric between the US and Iran intensified.

Trump said he didn't want a ceasefire before giving Iran an ultimatum on Saturday, saying that if the Strait of Hormuz remained closed after 48 hours, he would order attacks on Iranian energy infrastructure.

On Monday, Tehran launched fresh attacks after promising retaliation. Yahoo Finance reports.

EdgeUp

🚗 NIO stock price slides even after first profit as Xpeng warning hits China EVs

NIO’s U.S.-traded ADRs slid 7.8% to $5.43 on Friday, turning over around 52.8 million shares.

The selloff came as Chinese EV stocks lost ground, Xpeng flagged weaker-than-expected Q1 revenue, pulling the sector down, and Li Auto finished lower too.

This shift comes just as NIO managed to steady itself, turning a quarterly net profit for the first time and projecting a more upbeat first-quarter forecast.

Yet, Friday’s slide signaled investors remain wary, lumping the stock back into the battered China EV basket, where concerns about demand can easily overshadow stronger results. TechStock² reports.


🧲 Why MP Materials stock is back in focus after GM and Apple timelines emerge

Timing is key here: MP wants to prove last year’s jump in U.S. backing isn’t a one-off.

In February, the company posted a fourth-quarter profit, driven by a Pentagon price-support deal and rising magnetics revenue, but investors remain focused on how fast real customer orders ramp up.

Rare earths, 17 metals essential for manufacturing permanent magnets, are key components in electric vehicles, consumer electronics, and weapons systems.

MP operates the continent’s only rare-earth mine, processes ore in California, and has a magnet plant in Texas, effectively anchoring it in the U.S. push to cut China out of the supply chain. TechStock² reports.


🚗 Why Faraday Future Intelligent Electric shares are trading higher by around 55%

Shares of Faraday Future Intelligent Electric Inc gained 54.8% to $0.42 in pre-market trading after the company gained regulatory clarity as SEC ended years-long investigation with no penalties or enforcement action against company or related persons.

Faraday Future Intelligent Electric shares jumped 54.8% to $0.42 in the pre-market trading session.

Here are some other stocks moving in pre-market trading. Benzinga reports.


⚡ ANNA stock slips premarket after 87% rally in previous session as US-Iran war fuels energy trade

Shares of AleAnna, Inc. declined 2% in early premarket on Monday amid a broader market selloff, even as traders on Stocktwits remained glued to the ticket after the stock's staggering 87% gain in the previous session.

The escalating conflict between the U.S. and Iran, along with fresh threats to target each other’s energy infrastructure in the Middle East, has not only lifted shares of major U.S. oil and energy companies but is also driving investors toward smaller, early-stage names, where valuations remain relatively attractive and the potential upside is significantly higher. StockTwits reports.


🪨 The copper boom is on

Copper has pulled back on Iran concerns, creating a buying opportunity for Freeport-McMoRan stock.

Worries about the Iran war have rocked financial markets, raising concerns that higher oil prices will lead to a global economic slowdown.

Copper, one of the more highly cyclical metals, has pulled back as a result, as have shares of Freeport-McMoRan, the largest copper miner in the U.S. Barrons 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) UGRO: urban-gro, Inc.
Total gain: +52.75%

2) AIFF: Firefly Neuroscience, Inc.
Total gain: +27.45%

3) ZYBT: Zhengye Biotechnology Holding Limited
Total gain: +26.93%

4) CNCK: Coincheck Group N.V.
Total gain: +21.83%

5) QVCGA: QVC Group Inc.
Total gain: +19.66%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on March 20.
Stock Analysis reports.

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

1) ANNA: AleAnna, Inc.
Total gain: +86.54%
The stock appeared to be moving on no notable news.

2) RDGT: Ridgetech, Inc.
Total gain: +38.36%
The stock appeared to be moving on no notable news.

3) ROMA: Roma Green Finance Limited
Total gain: +35.55%
The stock appeared to be moving on no notable news.

Today’s Economic Dates

Time (ET)/ Report/ Period

8:30 AM - Chicago Fed President Austan Goolsbee TV appearance - N/A
8:45 AM - Federal Reserve governor Stephen Miran TV appearance - N/A
10:00 AM - Construction spending (delayed report) - Jan.

Today’s Notable Earnings

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


LFT: Lument Finance Trust
Q4 2025
After Market Close
Estimate: 0.060
Actual: N/A


PPHC: Public Policy Holding Co
Q4 2025
After Market Close
Estimate: 0.310
Actual: N/A


MOB: Mobilicom
FY 2025
Before Market Open
Estimate: N/A
Actual: N/A

Parting Thoughts

“Being wrong is acceptable. Staying wrong is totally unacceptable.”

– Marty Schwartz

Sourced in: Market Wizards – Jack D. Schwager (summary).

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.