Stock Market Today: S&P 500, Dow Futures Down Ahead Of 'Triple Witching' As Iran Warns Of 'Zero Restraint'

U.S. stock futures declined on Friday following Thursday’s declines. Futures of the major benchmark indices were lower.<br /><br />Iran warned of “zero restraint” following strikes on its energy infrastructure amid the ongoing war, while the first U.S. F-35 jet was reportedly hit by Iranian fire during a combat mission. Additionally, Iranian attacks have knocked out 17% of Qatar's LNG export capacity, threatening $20 billion in annual losses and long-term disruptions to global energy supplies.<br /><br />Also, market volatility is expected to surge today as the S&P 500 enters a “triple witching” session, a quarterly event where the simultaneous expiration of stock options, index options, and index futures has resulted in a positive session only 25% of the time over the last five years.<br /><br />Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.83%. The CME Group's FedWatch tool‘s projections show markets pricing a 93.8% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.<br /><br />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 Friday. The SPY was down 0.55% at $656.16, while the QQQ declined 0.48% to $590.15.