Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Fall Ahead of Global PMI Data

U.S. stock futures dropped on Friday as the Dow Jones, S&P 500 and Nasdaq 100 indices fell, following Thursday's mixed close.

Reuters reported the U.S. Commodity Futures Trading Commission is probing suspicious oil trading activity around the U.S. war in Iran, according to comments from CFTC Enforcement Director David Miller. Miller said the agency had "from the beginning" been probing the trading and that the investigation remained open.

He also said the CFTC is watching for problematic trading in prediction markets, including on election outcomes, and that staff "have investigated, and may have open investigations about some candidates who have placed trades on contracts that are based on their own elections."

Meanwhile, the 10-year Treasury bond yielded 4.98%, and the 2-year Treasury bond yielded 4.67%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 90.6% likelihood of the Federal Reserve keeping interest rates unchanged after its October meeting.

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 lower in premarket trading on Friday. The SPY was down 0.38% at $761.02, while the QQQ declined 0.13% to $703.52.