Markets processed the Federal Reserve's widely anticipated decision to maintain interest rates at 3.50%–3.75% for a third consecutive meeting. The FOMC highlighted that despite solid economic expansion, inflation stays somewhat elevated and job growth remains sluggish.
President Donald Trump warned Iran that continued strikes on Qatar’s LNG facilities would face major retaliation, while simultaneously signaling that Israel would cease targeting Iran’s vital South Pars gas field.
Following talks with Trump and the Qatari Emir, French President Emmanuel Macron urged an immediate end to infrastructure attacks to protect civilians and stabilize global energy supplies.
Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.80%. The CME Group's FedWatch tool‘s projections show markets pricing a 95.9% likelihood of the Federal Reserve leaving the current interest rates unchanged later today.
Index
Performance (+/-)
Dow Jones
-0.31%
S&P 500
-0.34%
Nasdaq 100
-0.46%
Russell 2000
-0.58%
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 0.32% at $659.32, while the QQQ declined 0.49% to $592.00.
Stocks In Focus
Micron Technology
Micron Technology Inc. (NASDAQ:MU) fell 4.01% in premarket on Thursday despite reporting better-than-expected financial results for the second quarter of fiscal 2026. It expects fiscal 2026 capital expenditure to be above $25 billion.
Benzinga’s Edge Stock Rankings indicate that MU maintains a strong price trend over the short, medium, and long terms, with a solid growth score.
Rocket Lab
Rocket Lab Corp. (NASDAQ:RKLB) rose 1.83% after securing a 190 million contract ...
