Investors await the delayed January personal consumption expenditure data today, which is the Federal Reserve’s preferred gauge of inflation.
Meanwhile, President Donald Trump, in a Truth Social post, warned Iran, saying, “Watch what happens to these deranged sc*mbags today,” after the Iran’s Supreme Leader warned the Strait of Hormuz would remain closed on Thursday, while the IRGC signaled potential retaliation against Israel’s Leviathan and Karish gas fields.
These threats to regional energy infrastructure coincide with the confirmed crash of a U.S. KC-135 refueling plane in Iraq and reports of explosions in Dubai following a drone interception.
The 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.76%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.43%
S&P 500
-0.41%
Nasdaq 100
-0.53%
Russell 2000
-0.70%
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 Friday. The SPY was down 0.30% at $664.05, while the QQQ declined 0.38% to $595.00.
Stocks In Focus
Adobe
Adobe Inc. (NASDAQ:ADBE) dropped 9.02% in premarket on Friday despite reporting upbeat financial results for the first quarter of fiscal 2026 after the market closed on Thursday. However, CEO Shantanu Narayen decided to transition from his CEO role after a successor had been appointed.
Benzinga’s Edge Stock Rankings indicate that ADBE maintains a weaker price trend over the short, medium, and long terms, with a moderate quality score.
Mosaic, CF Industries, Nutrien
Fertilizer stocks Mosaic Co. (NYSE:MOS) rose 3.48%, CF Industries Holdings Inc. ...
