In a 215-208 vote, the Republican-controlled House passed a war powers resolution requiring President Donald Trump to obtain congressional authorization before continuing military action or deploying troops against Iran. Notably, four Republicans joined Democrats to pass the measure, marking a rare bipartisan challenge to the president’s military authority.
Meanwhile, the 10-year Treasury bond yielded 4.49%, and the two-year bond was at 4.07%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.29%
S&P 500
-0.37%
Nasdaq 100
-0.85%
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 lower in premarket on Thursday. The SPY was down 0.41% at $751.10, while the QQQ declined by 0.97% to $736.97.
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Stocks In Focus
CrowdStrike Holdings
CrowdStrike Holdings Inc. (NASDAQ:CRWD) was 9.98% in premarket on Thursday, despite beating estimates as it announced a 4-for-1 stock split.
Benzinga’s Edge Stock Rankings indicate that CRWD maintains a strong price trend in the short, long, and medium terms.
Broadcom
Broadcom Inc. (NASDAQ:AVGO) dropped 12.32% as it posted second-quarter revenue of $22.19 billion, slightly below Wall Street expectations of $22.27 billion. However, the chipmaker reported adjusted earnings of $2.44 per share, topping analyst estimates of $2.40 per share.
Benzinga’s Edge Stock Rankings indicate that AVGO maintains a strong price trend ...
