Iran warned of “zero restraint” following strikes on its energy infrastructure amid the ongoing war, while the first U.S. F-35 jet was reportedly hit by Iranian fire during a combat mission. Additionally, Iranian attacks have knocked out 17% of Qatar's LNG export capacity, threatening $20 billion in annual losses and long-term disruptions to global energy supplies.
Also, market volatility is expected to surge today as the S&P 500 enters a “triple witching” session, a quarterly event where the simultaneous expiration of stock options, index options, and index futures has resulted in a positive session only 25% of the time over the last five years.
Meanwhile, the 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.83%. The CME Group's FedWatch tool‘s projections show markets pricing a 93.8% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
Index
Performance (+/-)
Dow Jones
-0.08%
S&P 500
-0.12%
Nasdaq 100
-0.28%
Russell 2000
-0.18%
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 0.55% at $656.16, while the QQQ declined 0.48% to $590.15.
Stocks In Focus
FedEx
FedEx Corp. (NYSE:FDX) jumped 10.43% in premarket on Friday after reporting better-than-expected third-quarter financial results and raising its FY26 adjusted EPS guidance above estimates.
Benzinga’s Edge Stock Rankings indicate that FDX maintains a strong price trend over the short, medium, and long terms, with a solid quality score.
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