On Wednesday, in Hebron, Kentucky, President Donald Trump asserted the U.S. has “won” the war against Iran, citing severely weakened Iranian military capabilities despite ongoing regional attacks and no specific end date.
Simultaneously, Energy Secretary Chris Wright announced the DOE will release 172 million barrels from the Strategic Petroleum Reserve beginning next week to mitigate energy price spikes during the conflict. Meanwhile, the United Nations Security Council also condemned Iran for attacks on Gulf countries and Jordan, demanding to halt hostilities.
The 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.65%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.3% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.52%
S&P 500
-0.43%
Nasdaq 100
-0.43%
Russell 2000
-1.12%
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 0.52% at $672.78, while the QQQ declined 0.53% to $604.49.
Stocks In Focus
Bumble
Bumble Inc. (NASDAQ:BMBL) jumped 22.89% in premarket on Thursday after the company released its fourth-quarter earnings report and issued a strong first-quarter revenue outlook.
BMBL maintains a strong price trend in the short term but a weak trend in the medium and long terms, with a poor growth ranking, as per Benzinga's Edge Stock Rankings.
Morgan Stanley
Morgan Stanley (NYSE:MS) declined by 1.80% after it restricted redemptions at its private credit fund after withdrawals surged.
Benzinga’s Edge Stock Rankings ...
