Ongoing conflict in the Middle East remains the primary driver of significant market volatility, as hostilities involving the U.S., Israel, and Iran have escalated throughout the region. This marks the sixth consecutive day of unrest with no clear end in sight.
However, the New York Times reports that the Iranian leadership has initiated contact with Trump to explore potential ceasefire negotiations.
Meanwhile, the 10-year Treasury bond yielded 3.11%, and the two-year bond was at 3.56%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.3% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.23%
S&P 500
-0.13%
Nasdaq 100
-0.13%
Russell 2000
-0.38%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Thursday. The SPY was down 0.099% at $684.45, while the QQQ declined 0.11% to $610.10.
Stocks In Focus
Broadcom
Broadcom Inc. (NASDAQ:AVGO) jumped 6.66% in premarket on Thursday after reporting better-than-expected financial results for the first quarter of fiscal 2026 after the close on Wednesday.
AVGO had a weaker price trend in the short and medium terms but a strong trend in the long term, with a solid quality score, as per Benzinga's Edge Stock Rankings.
Veeva Systems
Veeva Systems Inc. (NYSE:VEEV) rose 11.32% after reporting an upbeat fourth-quarter financial results and issuing FY27 guidance above estimates.
Benzinga’s Edge Stock Rankings indicate that VEEV maintains a weak price trend over the medium and long terms and ...
