Investors are closely watching the upcoming May PPI release, along with the weekly jobless claims, before the opening bell.
Middle East tensions have escalated significantly as the U.S. and Iran traded direct military strikes, following warnings from President Donald Trump that Tehran would “pay the price” for stalled peace talks.
The renewed hostilities have severely disrupted regional stability, prompting neighboring countries like Kuwait to temporarily close their airspace amid incoming Iranian attacks.
Meanwhile, the 10-year Treasury bond yielded 4.53%, and the two-year bond was at 4.12%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.3% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.68%
S&P 500
0.79%
Nasdaq 100
1.22%
Russell 2000
1.41%
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 Thursday. The SPY was up 0.81% at $731.39, while the QQQ advanced by 1.38% to $703.29.
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Stocks In Focus
Oracle
Oracle Corp. (NYSE:ORCL) dropped by 8.87% in premarket on Thursday despite better-than-expected results for the fourth quarter, as its remaining performance obligations rose and the CFO predicted lower gross margins for the fiscal year 2027.
Benzinga’s Edge Stock Rankings indicate that ORCL maintains a strong price trend in the medium and short terms but a weak trend in the long term, with a poor value score.
Oxford Industries
Oxford Industries Inc. (NYSE:OXM) fell 6.61% as it reported mixed results for the first quarter. The ...
