A U.S. official, speaking anonymously to Reuters, said American forces struck an Iranian ground control station in Bandar Abbas that was allegedly preparing to launch attack drones.
The official also said U.S. forces shot down four one-way drones that posed a threat near the Strait of Hormuz. “These actions were measured, purely defensive, and intended to maintain the ceasefire,” the official said
Meanwhile, the 10-year Treasury bond yielded 4.50%, and the two-year bond was at 4.05%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.1% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
-0.11%
S&P 500
-0.12%
Nasdaq 100
-0.26%
Russell 2000
-0.25%
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 lower in premarket on Thursday. The SPY was down 0.087% at $749.81, while the QQQ was lower by 0.24% to $727.72.
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Stocks In Focus
Snowflake
Snowflake Inc. (NYSE:SNOW) surged 35.05% in premarket on Thursday after reporting upbeat financial results for the first quarter of fiscal 2027. Snowflake posted first-quarter revenue of $1.39 billion, beating analyst estimates of $1.32 billion
Benzinga’s Edge Stock Rankings indicate that SNOW maintains a weak price trend in the long term but strong trends in the short and medium terms, with a poor growth rank.
Salesforce
Salesforce Inc. (NYSE:CRM) was 1.86% lower as soft guidance and legacy weakness overshadowed a massive first-quarter earnings beat.
Benzinga’s Edge Stock Rankings indicate that CRM maintains a weak price trend in the short, long, and medium terms, with a poor quality score.
