On Wednesday, the Dow Jones index closed 341 points higher after President Donald Trump extended the ceasefire indefinitely, citing a "seriously fractured" government in Tehran.
Meanwhile, the 10-year Treasury bond yields stood at 4.313%, and the two-year bond was at 3.808% at the time of writing. 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 April.
Index
Performance (+/-)
Dow Jones
-0.56%
S&P 500
-0.38%
Nasdaq 100
-0.31%
Russell 2000
-0.48%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in pre-market on Thursday. The SPY was down 0.38% at $708.50, while the QQQ declined 0.36% to $652.73.
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Stocks In Focus
Tesla
Tesla Inc. (NASDAQ:TSLA) reported better-than-expected first-quarter financial results on Wednesday after market close. Tesla reported first-quarter revenue of $22.71 billion, up 16% year-over-year. TSLA declined 3.03% in pre-market trading.
TSLA maintains a weak price trend over the short, medium and long terms, as per Benzinga’s Edge Stock Rankings.
Boeing
Boeing Co. (NYSE:BA) reported better-than-expected results for the first quarter on Wednesday. The company reported first-quarter revenue of $22.22 billion, up 14% year over year and above the $21.78 billion estimate. BA declined 0.42% in pre-market trading.
BA maintains a strong price trend over the short, medium, and long terms, as per Benzinga’s Edge Stock Rankings.
