Al Jazeera reported that Israel has launched two raids on the towns of Al Shahabiya and Jabal Al Batm in southern Lebanon.
On the other hand, President Donald Trump accused Iran of failing to uphold ceasefire-related expectations tied to oil transit through the Strait of Hormuz. “Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz,” Trump said on Truth Social. “That is not the agreement we have.”
Apart from the Middle East tensions, investors will be eyeing March’s consumer price index, scheduled to be released before the opening bell,
The 10-year Treasury bond yielded 4.30%, and the two-year bond was at 3.79%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
Index
Performance (+/-)
Dow Jones
-0.15%
S&P 500
-0.11%
Nasdaq 100
-0.08%
Russell 2000
-0.23%
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 0.14% at $678.94, while the QQQ declined 0.16% to $609.20.
Stocks In Focus
Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 1.81% after it posted a 35% surge in first-quarter revenue, amid the rising artificial intelligence (AI) applications.
Benzinga’s Edge Stock Rankings indicate that TSM maintains a strong price trend in the short, medium, and long terms, with a solid growth score.
Rocket Lab
Rocket Lab Corp. (NASDAQ:RKLB) was 0.84% ...
