Investors are eyeing February CPI data, with consensus expecting both headline and core to be roughly 2.5% year-over-year.
Iran struck U.S. bases across five Middle Eastern nations, while a projectile hit ignited a cargo ship in the Strait of Hormuz, forcing its evacuation. On Tuesday, President Donald Trump warned Iran not to place naval mines at Hormuz, threatening severe military retaliation if such activity were confirmed.
Meanwhile, the International Energy Agency (IEA) has proposed its largest-ever emergency release of oil reserves to curb soaring crude prices, exceeding the 182 million barrels released by member countries after Russia's full-scale invasion of Ukraine.
The 10-year Treasury bond yielded 4.16%, and the two-year bond was at 3.59%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.09%
S&P 500
-0.02%
Nasdaq 100
-0.04%
Russell 2000
-0.23%
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 Wednesday. The SPY was down 0.11% at $676.45, while the QQQ declined 0.10% to $607.15.
Stocks In Focus
Oracle
Oracle Corp. (NYSE:ORCL) jumped 10.71% in premarket on Wednesday following upbeat financial results for the third quarter of fiscal 2026 on Tuesday after the market closed.
ORCL maintains a weak price trend in the short, medium, and long terms, with a poor value ranking, as per Benzinga's Edge Stock Rankings.
Domo
Domo Inc.
