Speaking to an ABC reporter, Donald Trump referred to the exchange as “just a love tap,” according to a social media post by the journalist. He also added that the ceasefire was still in effect and ongoing.
Investors await the non-farm payroll data for the month of April, scheduled to be released before the opening bell. FactSet projects the median estimate for the month to rise by 65,000.
Meanwhile, the 10-year Treasury bond yielded 4.36%, and the two-year bond was at 3.90%. The CME Group's FedWatch tool‘s projections show markets pricing a 94.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.16%
S&P 500
0.39%
Nasdaq 100
0.60%
Russell 2000
0.16%
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 Friday. The SPY was up 0.43% at $734.72, while the QQQ advanced 0.64% to $699.36.
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Stocks In Focus
Coinbase Global
Coinbase Global Inc. (NASDAQ:COIN) fell 3.62% in premarket on Friday after reporting downbeat first-quarter financial results. It reported first-quarter revenue of $1.41 billion, down 31% year-over-year. The revenue total missed a Street consensus estimate of $1.53 billion.
Benzinga’s Edge Stock Rankings indicate that COIN maintains a strong price trend in the short term but a weak trend in the medium and long terms, with a good growth score.
Cloudflare
Cloudflare Inc. (NYSE:NET) plunged 16.74% after it reported upbeat earnings but cut 20% of its workforce during the first ...
