President Donald Trump, on Sunday, threatened to destroy Iran’s energy and civilian infrastructure if it failed to reopen the Strait of Hormuz by his deadline of Tuesday, warning of severe consequences in a Truth Social post. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Strait, you crazy **, or you’ll be living in Hell, JUST WATCH!,” he said in a post on Truth Social.
Trump will also be holding a press conference alongside military officials later on Monday.
Meanwhile, the 10-year Treasury bond yielded 4.36%, and the two-year bond was at 3.86%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.5% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
Index
Performance (+/-)
Dow Jones
0.13%
S&P 500
0.37%
Nasdaq 100
0.70%
Russell 2000
0.26%
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 Monday. The SPY was up 0.35% at $658.14, while the QQQ advanced 0.64% to $588.71.
Stocks In Focus
Broadcom
Broadcom Inc. (NASDAQ:AVGO) rose 0.78% after it named Amie Thuener as CFO, effective June 12, succeeding Kirsten M. Spears.
Benzinga’s Edge Stock Rankings indicate that AVGO maintains a strong price trend in the long term but a weak trend in the medium and short terms, with a solid growth score.
Cheer Holding
Cheer Holding Inc. (NASDAQ:CHR) advanced by 3.12% after announcing a 1-for-3 reverse stock split, effective Apr. 6, to maintain its Nasdaq listing
Benzinga’s Edge Stock Rankings indicate that CHR maintains a weak trend in the long, short, and medium terms, with a poor growth score.
