This project was designed to escort commercial ships through the Strait of Hormuz. Trump said on Truth Social that while the U.S. operation would be paused temporarily to allow negotiations to continue, America’s blockade would remain firmly in place.
Meanwhile, the 10-year Treasury bond yielded 4.37%, and the two-year bond was at 3.89%. The CME Group's FedWatch tool‘s projections show markets pricing a 94.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.66%
S&P 500
0.59%
Nasdaq 100
1.09%
Russell 2000
0.81%
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 0.56% at $727.85, while the QQQ advanced 1.05% to $688.80.
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Stocks In Focus
Super Micro Computer
Super Micro Computer Inc. (NASDAQ:SMCI) jumped 17.21% after reporting upbeat earnings for the third quarter and issuing fourth-quarter EPS guidance above estimates.
Benzinga’s Edge Stock Rankings indicate that SMCI maintains a strong price trend in the short term but a weak trend in the medium and long terms, with a solid growth score.
Advanced Micro Devices
Advanced Micro Devices Inc. (NASDAQ:AMD) surged 18.64% as it reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.
Benzinga’s Edge Stock Rankings indicate that AMD maintains a strong price trend in the short, medium, ...
