Stock Market Today: Dow Falls, Oil Prices Jump As U.S., Iran Exchange New Strikes (Live Coverage)

U.S. stock index futures dropped on Monday morning as escalating geopolitical conflict between the United States and Iran weighed on investor sentiment. Dow Jones Industrial Average futures fell 0.2%, S&P 500 futures slid 0.3%, and Nasdaq-100 futures slipped 0.2% ahead of the opening bell. Geopolitical tensions surged following U.S. strikes on Iranian mine launchers in the Strait of Hormuz and retaliatory attacks on American bases in Jordan, prompting West Texas Intermediate crude oil futures to spike roughly 4% toward $86.40 per barrel. Meanwhile, the 10-year Treasury yield held near 4.72% and Bitcoin softened to around $78,400. Market participants are also bracing for critical macroeconomic data and corporate earnings. Highlighting the economic calendar is Friday's August nonfarm payrolls report, with consensus anticipating 65,000 net jobs added and an uptick in the unemployment rate to 4.2%. Hawkish monetary policy concerns linger following Federal Reserve remarks, while high-profile corporate earnings from Broadcom, Snowflake, Dell Technologies, and Palo Alto Networks are expected to test market stability later in the week.