Trump said that strong job growth and rising retirement accounts reflected continued economic momentum. He posted on Truth Social, “Stock Market hit an ALL-TIME HIGH TODAY. Jobs & 401-K’s are BOOMING!!!”
Speaking to reporters about Iran at the White House, Trump said, “They want to make a deal. We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal.”
Meanwhile, the 10-year Treasury bond yielded 4.33%, and the two-year bond was at 3.85%. 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
0.11%
S&P 500
0.13%
Nasdaq 100
0.14%
Russell 2000
0.10%
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 Thursday. The SPY was up 0.11% at $734.63, while the QQQ advanced 0.066% to $696.23.
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Stocks In Focus
Zillow Group
Zillow Group Inc. (NASDAQ:Z) fell 5.71% in premarket on Thursday despite reporting upbeat first-quarter results after Wednesday’s closing bell.
Benzinga’s Edge Stock Rankings indicate that Z maintains a strong price trend in the short term but a weak trend in the medium and long terms, with a poor growth score.
Beyond Meat
Beyond Meat Inc. (NASDAQ:BYND) plunged 11% after it reported in-line loss for the first quarter and guided for second-quarter revenue below ...
