Stock market today: Dow, S&P 500, Nasdaq futures fall as Amazon, Intel earnings rattle investors

Bloomberg reports:

Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows.

West Texas Intermediate gained toward $103 a barrel, after swinging more than $3 in the previous session, while Brent settled near $115. A top commander briefed President Donald Trump on military options on Thursday, the Wall Street Journal reported. The US leader has repeatedly given signals he may restart airstrikes against Tehran after midterm elections next week.

In Iran, one of the country’s top negotiators, Parliament Speaker Mohammad Bagher Ghalibaf, suggested the Islamic Republic’s positions on ending the war will not be compromised. His remarks followed confirmation from Tehran that officials had received a letter sent by US Vice President JD Vance.

Global benchmark Brent has rallied by 12% in October, hitting a six-month high, as the conflict has dragged on. The gains this month have come despite a revival of flows from the Middle East, with producers managing to ship cargoes through the Strait of Hormuz even with elevated risks to shipping.

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Reuters reports:

The yen inched higher on Friday after the Bank of Japan held rates steady as expected, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight ‌to safety.

The BOJ left interest rates on hold at 1.25% in a widely anticipated move, but revised up its inflation forecast and ‌stressed anew its readiness to continue pushing up borrowing costs to forestall mounting inflation risks.

Following the decision, the yen strengthened to a high of 157.115 per dollar, erasing most of ​its losses for the month and putting it on track to end October broadly flat.

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Economic data: Employment cost index, third quarter (+0.8% expected, +0.9% prior); MNI Chicago PMI, October (54.6 expected, 58.8 prior)

Earnings calendar: ExxonMobil (XOM), AbbVie (ABBV), Chevron (CVX), AstraZeneca (AZN), BP (BP), Sanofi (SNY), General Dynamics (GD)

Catch up on some top stories you might have missed overnight:

Sandisk delivers solid results and an 8-for-1 split

Reddit to limit access for logged-out users in strategy shift

Amazon stock slides after Q3 earnings miss

BOJ keeps rates steady, declares victory in hitting price target

Andy Jassy says Prime Video is on track to earn ‘tens of billions of dollars’