The U.S. and Iran have reportedly reached an agreement to extend the ongoing ceasefire by 60 days, but it is currently awaiting final approval from President Donald Trump.
The agreement would allow traffic to flow uninterrupted through the Strait of Hormuz while the two sides negotiate the future of Iran's nuclear program.
Meanwhile, the 10-year Treasury bond yields stood at 4.461%, and the two-year bond was at 4.035%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.9% likelihood of the Federal Reserve leaving the current interest rates unchanged during June's meeting.
Index
Performance (+/-)
Dow Jones
0.16%
S&P 500
0.10%
Nasdaq 100
0.08%
Russell 2000
-0.15%
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 up in premarket on Friday. The SPY was up 0.12% at $755.64, while the QQQ was up 0.08% to $736.22.
Stocks In Focus
Dell
Dell Technologies Inc. (NYSE:DELL) surged nearly 40% in Friday's pre-market session after the company reported an 88% year-over-year surge in revenue to $43.84 billion, which is the company's fastest revenue growth in eight years.
Benzinga's Edge Stock Rankings indicate that DELL maintains a strong price trend in the long, medium, and short terms, with a strong momentum rank.
Agilent
Agilent Technologies Inc.'s (NYSE:A) first-quarter results beat Wall Street estimates, with revenue coming in at $1.84 billion, higher than the estimated $1.80 billion. Agilent Technologies shares surged over 18% to $136.71 in the pre-market session.
Benzinga's Edge Stock Rankings indicate that A maintains a weak price trend in the long term but strong trends in the ...
