Over the weekend, the tensions in the Middle East escalated as President Donald Trump said he would press Israeli Prime Minister Benjamin Netanyahu not to escalate tensions with Iran, but Iran and Israel have since then exchanged strikes.
The latest flare-up comes as U.S.-Iran negotiations continue over ending months of conflict. Tehran has insisted that any broader agreement must include a durable ceasefire in Lebanon, where fighting between Israel and Hezbollah has continued despite diplomatic efforts.
Additionally, this week, investors will be eyeing May’s CPI and PPI data.
Meanwhile, the 10-year Treasury bond yielded 4.58%, and the two-year bond was at 4.19%. The CME Group's FedWatch tool‘s projections show markets pricing a 98% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
-0.31%
S&P 500
0.19%
Nasdaq 100
0.47%
Russell 2000
0.48%
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 Monday. The SPY was up 0.24% at $739.29, while the QQQ advanced by 0.70% to $709.99.
Read Also:
Stock Market: Will S&P 500 Open Up Or Down Today?
Stocks In Focus
Riskified
Riskified Ltd. (NYSE:RSKD) was 1.26% higher in premarket on Monday after it disclosed a $75 million buyback plan.
Benzinga’s Edge Stock Rankings indicate that RSKD maintains a weak price trend in the long term but a strong trend in the medium and short terms.
Nebius Group
Nebius Group NV (NASDAQ:NBIS) was 2.11% higher after it announced a announced a $2.3 billion or £1.7 billion investment to build out four AI data center sites in the UK.
Benzinga’s Edge Stock Rankings indicate that NBIS maintains a strong price trend in the short, long, and medium terms, with a poor value score.
Ingredion
Ingredion Inc. (NYSE:INGR) was 1.95% higher as Tate & Lyle agreed to £2.7 billion or $3.6 billion takeover by INGR.
