This comes amid President Donald Trump withdrawing his tariffs against the European Union, following a framework agreement regarding expanded U.S. access to Greenland.
Besides this, U.S. Final GDP figures for the third-quarter stood at 4.4%, ahead of estimates at 4.3%, according to data released by the Bureau of Economic Analysis. The Personal Consumption Expenditures (PCE) price index expanded 2.8% year-over-year, in line with estimates, with Core PCE at 2.8%.
Meanwhile, the 10-year Treasury bond yielded 4.23%, and the two-year bond was at 3.60%. The CME Group’s FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Index
Performance (+/-)
Dow Jones
-0.075%
S&P 500
-0.058%
Nasdaq 100
-0.16%
Russell 2000
-0.03%
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 lower in premarket on Friday. The SPY was down 0.078% at $688.44, while the QQQ was down 0.20% at $619.49.
Stocks In Focus
Capital One Financial
Capital One Financial Corp. (NYSE:COF) shares are sliding in pre-market trade, down 3.31%, following the company’s fourth-quarter results on Thursday, when its earnings fell short of analyst consensus estimates.
The stock has a strong price trend in the Medium and Long terms, and is ranked moderately well on Momentum according to Benzinga’s Edge Stock Rankings.
Revelation Biosciences
Revelation Biosciences Inc. (NASDAQ:REVB) is up ...
