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Apr 9, 2026 8:00 AM

Stock Market Today: S&P 500 Futures Drop As Iran Flags Ceasefire Violation, Trump Says Arms 'Will Remain In Place'—Arrive AI, Costco In Focus

U.S. stocks fell on Thursday, following Wednesday’s sharp rebound. Futures of the major benchmark indices were lower after Iran accused Washington of violating the ceasefire.

In a post shared on X, Iranian parliamentary speaker Mohammad Bagher Ghalibaf said Washington had a “pattern” of breaking commitments, adding that “in such situation, a bilateral ceasefire or negotiations is unreasonable.” He cited continued Israeli strikes in Lebanon, an alleged drone incursion into Iranian airspace and disputes over Iran’s nuclear rights as violations.

However, President Donald Trump mentioned in a recent Truth Social post that all the U.S. ammunition and weaponry, “will remain in place,” until the “REAL AGREEMENT” is reached and fully complied with.

Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.77%. The CME Group's FedWatch tool‘s projections show markets pricing in a 99.5% likelihood that the Federal Reserve will leave interest rates unchanged at its April meeting.

Index

Performance (+/-)

Dow Jones

-0.39%

S&P 500

-0.38%

Nasdaq 100

-0.36%

Russell 2000

-0.66%

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 lower in premarket on Thursday. The SPY was down 0.46% at $672.93, while the QQQ declined 0.41% to $603.60.

Stocks In Focus

GameSquare Holdings

GameSquare Holdings Inc. (NASDAQ:GAME) surged 50.61% after the company reported fourth-quarter 2025 results that included its first positive adjusted EBITDA, along with full-year 2025 financials and a reiteration of its 2026 guidance.

Benzinga’s Edge Stock Rankings indicate that GAME maintains a weak price trend in the short, medium, and long terms.

Costco Wholesale

Costco Wholesale Corp. (NASDAQ:COST) was 0.30% lower after it reported net sales of $28.41 billion for the retail month of March, the five weeks ...