President Donald Trump's administration plans to unveil a long-awaited $12 billion financial rescue package on Monday aimed at U.S. farmers struggling under the combined weight of low market prices and the impact of tariff policies.
Investors await a crucial decision from the Federal Reserve later this week, along with the earnings report of Oracle Corp. (NYSE:ORCL), Broadcom Inc. (NASDAQ:AVGO), Adobe Inc. (NASDAQ:ADBE), Campbell’s Co. (NASDAQ:CPB), and others.
Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing an 87.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
-0.02%
S&P 500
0.09%
Nasdaq 100
0.15%
Russell 2000
0.32%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Monday. The SPY was up 0.12% at $686.52, while the QQQ advanced 0.23% to $626.90, according to Benzinga Pro data.
Stocks In Focus
Carvana
Carvana Co. (NYSE:CVNA) jumped by 8.81% following its inclusion in the S&P 500 index on Friday.
Benzinga’s Edge Stock Rankings indicate that CVNA maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are available here.
Confluent
Confluent Inc. (NASDAQ:CFLT) gained 31.59% on the reports that International Business Machines Corp. (NYSE:IBM) was close to acquiring the data software company for $11 billion
It maintains a stronger price trend over the short and ...
