Following the Federal Reserve’s decision to keep the interest rates steady at 3.50%-3.75%, Jerome Powell said during his speech that he plans to remain on the Board of Governors, despite his term ending on May 15.
Meanwhile, President Donald Trump is reportedly scheduled to review potential military strategies from CENTCOM Commander Adm. Brad Cooper for Iran on Thursday, signaling a possible return to significant combat operations, as per Axios. The U.S. is reportedly considering a “short and powerful” strike campaign on Iran targeting infrastructure to break the stalemate in negotiations and push Tehran back to the nuclear bargaining table.
The 10-year Treasury bond yielded 4.41%, and the two-year bond was at 3.91%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
-0.42%
S&P 500
-0.01%
Nasdaq 100
0.22%
Russell 2000
-0.03%
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 mixed in premarket on Thursday. The SPY was down 0.021% at $711.43, while the QQQ advanced 0.13% to $662.43.
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Stocks In Focus
Amazon.com
Amazon.com Inc. (NASDAQ:AMZN) was up 1.63% after reporting upbeat financial results for the first quarter after the market closed on Wednesday. It said that it expects second-quarter revenue to be between $194 billion and $199 billion, versus estimates of $188.87 billion.
Benzinga’s Edge Stock Rankings indicate that AMZN maintains a strong price trend in the short, medium, and long terms, with a strong growth ranking.
Alphabet
