Why are Dow Jones and S&P 500 in red while Nasdaq turns green today? The US stock market futures today are sending a sharp, layered signal. The Dow Jones and S&P 500 are in red. The Nasdaq is holding green. This split is not random. It reflects how different parts of the economy react to the same shock. Oil surged above $110. That pushed costs higher across industries. Transport, manufacturing, and energy-heavy businesses felt the pressure first. That is why the Dow fell over 250 points.