Stock Market Today: S&P 500 Futures Fall, Nasdaq Gains As Middle East Tensions Intensify—Palo Alto, Marve

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. 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. IndexPerformance (+/-)Dow Jones-0.26%S&P 500-0.07%Nasdaq 1000.01%Russell 2000-0.36%Stocks In FocusPalo Alto Networks

Palo Alto Networks Inc. (NASDAQ:PANW) was 4.62% lower despite beating third-quarter estimates and raising its guidance.

Benzinga’s Edge Stock Rankings indicate that PANW maintains a strong price trend in the short, long, and medium terms, with a solid growth score.

Shopify

Shopify Inc. (NASDAQ:SHOP) was 0.85% higher as it added $3 billion to its ongoing share repurchase plan, bringing the total to $5 billion.