Mixed Futures as House War Powers Vote Rattles Markets

U.S. equity futures turned mixed Thursday morning, Benzinga reported, as a narrow House vote stripping President Donald Trump of unilateral military authority over Iran unsettled sentiment on Wall Street.

House Passes Rare Bipartisan War Powers Resolution

The Republican-led House approved the war powers resolution 215 to 208. Four Republicans crossed party lines to side with Democrats, making the outcome a genuine bipartisan rebuke. The measure requires the president to seek congressional authorization before sustaining military operations or deploying forces against Iran. The vote rattled investors already navigating an uncertain geopolitical backdrop in the Middle East.

S&P 500 futures fell 0.37% in premarket trading. The Nasdaq 100 dropped 0.85%, reflecting pressure on technology-heavy names. The Dow Jones Industrial Average bucked the trend, adding 0.29%, while the Russell 2000 edged 0.16% higher.

Also Read: BlackRock Backs U.S. Equities on AI and Earnings Strength

Bond Markets and Fed Expectations Hold Steady

The 10-year Treasury yield sat at 4.49% Thursday morning. The two-year note yielded 4.07%. Rate-sensitive traders showed little anxiety about the Federal Reserve’s next move. The CME FedWatch tool placed the probability of no change at the June meeting at 96.2%, leaving the central bank’s path essentially locked in for now.

Stock Movers Worth Watching

CrowdStrike Holdings Inc. surged nearly 10% in premarket after beating quarterly estimates and announcing a 4-for-1 stock split. The security software firm has maintained a strong price trend across short, medium, and long timeframes.

PVH Corp. was the session’s most dramatic loser, cratering more than 20% after the fashion conglomerate’s forward earnings guidance came in well below analyst expectations.

Lululemon Athletica Inc. gained a modest 0.17% ahead of its post-close earnings release. Analysts projected earnings of $1.67 per share on revenue of approximately $2.43 billion.

Background: BlackRock Stays Bullish Despite Rate Headwinds

Wednesday’s session saw energy, consumer staples, and health care lead gains while technology and financials lagged. Against that backdrop, BlackRock publicly maintained an overweight position on U.S. equities. The firm cited the artificial intelligence buildout and resilient corporate earnings as twin supports. BlackRock acknowledged that sticky inflation remained a constraint. It told investors that earnings growth had so far proved strong enough to offset the drag of elevated interest rates. The firm also said contained damage from Middle East tensions supported its risk-on stance.

Read Next: Trump’s Iran Policy and Market Reactions Explained