S&P 500 Futures Fall, Nasdaq Gains As Middle East Tensions Intensify—Palo Alto, Marvell In Focus

U.S. stock futures were mixed on Wednesday, after a record close on Tuesday, as the Dow Jones and S&P 500 advanced but the Nasdaq 100 fell.The U.S. military retaliated against Iran by launching strikes on an Iranian ground control station on Qeshm Island, near the Strait of Hormuz, after Iran's failed missile attacks on Kuwait and Bahrain.Just a day before the missile attacks, Israeli Prime Minister Benjamin Netanyahu reportedly received a heated call from President Donald Trump over the situation in Lebanon. According to an Axios report, Trump called Netanyahu "crazy" and said he would "be in prison if it weren't for me." Trump allegedly added, "Everybody hates you now. Everybody hates Israel because of this."Meanwhile, the 10-year Treasury bond yielded 4.48%, and the two-year bond was at 4.07%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket on Wednesday. The SPY was down 0.053% at $759.17, while the QQQ advanced by 0.032% to $746.40.------------------------------------------------------------------------------------🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets.📲 Follow us on socials @benzinga------------------------------------------------------------------------------------⚠️ Disclaimer:Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.