This follows President Donald Trump‘s visit to China along with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, Tesla Inc.‘s (NASDAQ:TSLA) Elon Musk, Apple Inc.’s (NASDAQ:AAPL) Tim Cook, BlackRock Inc.‘s (NYSE:BLK) Larry Fink, and Qualcomm Inc.‘s (NASDAQ:QCOM) Cristiano Amon.
Before leaving, Trump said on Tuesday that Americans' financial struggles are not a factor in his decision-making as he seeks to negotiate an end to the Iran war, saying that preventing Tehran from acquiring a nuclear weapon is his top priority, reported Reuters.
Meanwhile, the 10-year Treasury bond yielded 4.46%, and the two-year bond was at 3.99%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
-0.18%
S&P 500
0.25%
Nasdaq 100
0.76%
Russell 2000
0.29%
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 0.21% at $739.76, while the QQQ was higher 0.73% to $712.37.
Stocks In Focus
Nextpower
Nextpower Inc. (NASDAQ:NXT) soared 13.78% in premarket on Wednesday after it announced better-than-expected fourth-quarter financial results and raised its FY27 sales guidance. The company announced it will acquire assets of Zigor Corporation's power conversion business and its U.S.-based subsidiary, Apex Power.
Benzinga’s Edge Stock Rankings indicate that NXT maintains a strong price trend in the short, medium, and long terms, with a moderate value score.
