Futures Mixed As America Votes, Apple Slides And Oil Rebounds After "Defensive" US Strike On Iran US futures are down but off session lows, with Nasdaq contracts edging higher, as America heads to the polls for the midterms, chips rebound even as Apple slides on a gross margin warning and Palantir tumbles on a soft outlook, and oil bounces off Monday's 8% plunge after the US struck Iran's Qeshm Island in what officials called a "small-scale" and "defensive" attack; as a result the oil-driven bond rally takes a breather with the 10Y yield edging up to 4.93%.
As of 8:00am ET, S&P futures are down 0.1% at 7,564 while Nasdaq futures are up 0.3% and Dow futures are down 0.6% some 300 points to 51,826. On Monday the S&P reversed a 1% gain to close down 0.5% at 7,541 and the Nasdaq 100 slid 1.4% into a correction, 10% below its October 6 peak, even as the equal-weight S&P rose 0.7% and the Dow added 0.4%.
In premarket trading, semis and memory names are bid again while software lags, with Sho