Markets Fall From Record Highs as U.S. and Iran Trade Strikes. Stock Futures Drop.

Stocks looked set to drop on Thursday as investors fretted about the status of the fragile cease-fire between the U.S. and Iran. S&P 500 futures also declined 0.1% and contracts tied to the tech-heavy Nasdaq 100 fell 0.3%. American forces shot down Iranian drones and hit a drone-control station near Bandar Abbas, according to The Wall Street Journal, citing U.S. officials.