President Donald Trump‘s ceasefire hopes were dimmed by Iran on Tuesday, the top spokesperson for Iran's joint military command, Ebrahim Zolfaqari, said that Washington was "negotiating with itself."
Meanwhile, the 10-year Treasury bond yielded 4.34%, and the two-year bond was at 3.87%. The CME Group's FedWatch tool‘s projections show markets pricing an 95.9% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
Index
Performance (+/-)
Dow Jones
1.10%
S&P 500
1.04%
Nasdaq 100
1.21%
Russell 2000
1.55%
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 higher in premarket on Wednesday. The SPY was up 1.04% at $660.00, while the QQQ advanced 1.19% to $590.9.
Stocks In Focus
Robinhood Markets
Robinhood Markets Inc. (NASDAQ:HOOD) rose 3.81% in premarket on Wednesday after its board approved a $1.5 billion stock repurchase plan.
Benzinga’s Edge Stock Rankings indicate that HOOD maintains a weak price trend over the long, short, and medium terms, with a solid growth score.
Arm Holdings
Arm Holdings Plc (NASDAQ:ARM) shares surged 10.23% following reports that the company is targeting $15 billion in annual sales from its new in-house chip.
Benzinga’s Edge Stock Rankings indicate that ARM maintains a weak trend in the long term but a strong trend in the short and medium terms, with a poor value ranking.
