Editor’s Note: This article has been updated to reflect the correct 2-year Treasury bond yield of 3.95%.
U.S. stock futures advanced on Friday after a mixed close on Thursday. Futures of major benchmark indices were trading higher in premarket.
The S&P 500 index recorded its fourth day of gains on Thursday after turning positive for the year at the beginning of the week.
Jerome Powell, Federal Reserve Chair, indicated Thursday that the Fed is reassessing its inflation and employment strategies, suggesting potential shifts in policy following a comprehensive review scheduled for 2025.
“Participants have indicated that they thought it would be appropriate to reconsider the language around [labor market] shortfalls,” Powell said, referring to how the Fed talks about employment in its official strategy.
Nasdaq dropped after continued positive momentum from partnerships with the Middle East during the U.S.-Saudi Investment Forum.
Meanwhile, the 10-year Treasury bond yielded 4.40% and the two-year bond was at 3.95%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.33% |
| S&P 500 | 0.23% |
| Nasdaq 100 | 0.23% |
| Russell 2000 | 0.40% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.14% to $591.31, while the QQQ advanced 0.16% to $520.06, according to Benzinga Pro data.
Cues From Last Session:
Led by strong gains in utilities, consumer staples, and real estate, most sectors within the S&P 500 finished Thursday in positive territory, contributing to the index’s fourth consecutive session of gains.
However, consumer discretionary and communication services stocks diverged from the broader market, ending the day lower.
Overall, the S&P 500 has climbed approximately 4.5% week-to-date, followed by a roughly 2.6% increase for the Dow and a significant 6.6% rise for the Nasdaq.
Notably, tech giants like Nvidia Corp. (NASDAQ:NVDA) and Tesla Inc. (NASDAQ:TSLA) have seen substantial weekly gains of around 15% each, with Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) also …
Full story available on Benzinga.com
Editor’s Note: This article has been updated to reflect the correct 2-year Treasury bond yield of 3.95%.
U.S. stock futures advanced on Friday after a mixed close on Thursday. Futures of major benchmark indices were trading higher in premarket.
The S&P 500 index recorded its fourth day of gains on Thursday after turning positive for the year at the beginning of the week.
Jerome Powell, Federal Reserve Chair, indicated Thursday that the Fed is reassessing its inflation and employment strategies, suggesting potential shifts in policy following a comprehensive review scheduled for 2025.
“Participants have indicated that they thought it would be appropriate to reconsider the language around [labor market] shortfalls,” Powell said, referring to how the Fed talks about employment in its official strategy.
Nasdaq dropped after continued positive momentum from partnerships with the Middle East during the U.S.-Saudi Investment Forum.
Meanwhile, the 10-year Treasury bond yielded 4.40% and the two-year bond was at 3.95%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
| Futures | Change (+/-) |
| Dow Jones | 0.33% |
| S&P 500 | 0.23% |
| Nasdaq 100 | 0.23% |
| Russell 2000 | 0.40% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.14% to $591.31, while the QQQ advanced 0.16% to $520.06, according to Benzinga Pro data.
Cues From Last Session:
Led by strong gains in utilities, consumer staples, and real estate, most sectors within the S&P 500 finished Thursday in positive territory, contributing to the index’s fourth consecutive session of gains.
However, consumer discretionary and communication services stocks diverged from the broader market, ending the day lower.
Overall, the S&P 500 has climbed approximately 4.5% week-to-date, followed by a roughly 2.6% increase for the Dow and a significant 6.6% rise for the Nasdaq.
Notably, tech giants like Nvidia Corp. (NASDAQ:NVDA) and Tesla Inc. (NASDAQ:TSLA) have seen substantial weekly gains of around 15% each, with Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) also …
Full story available on Benzinga.com
Editor’s Note: This article has been updated to reflect the correct 2-year Treasury bond yield of 3.95%.
U.S. stock futures advanced on Friday after a mixed close on Thursday. Futures of major benchmark indices were trading higher in premarket.
The S&P 500 index recorded its fourth day of gains on Thursday after turning positive for the year at the beginning of the week.
Jerome Powell, Federal Reserve Chair, indicated Thursday that the Fed is reassessing its inflation and employment strategies, suggesting potential shifts in policy following a comprehensive review scheduled for 2025.
“Participants have indicated that they thought it would be appropriate to reconsider the language around [labor market] shortfalls,” Powell said, referring to how the Fed talks about employment in its official strategy.
Nasdaq dropped after continued positive momentum from partnerships with the Middle East during the U.S.-Saudi Investment Forum.
Meanwhile, the 10-year Treasury bond yielded 4.40% and the two-year bond was at 3.95%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.8% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
Futures
Change (+/-)
Dow Jones
0.33%
S&P 500
0.23%
Nasdaq 100
0.23%
Russell 2000
0.40%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.14% to $591.31, while the QQQ advanced 0.16% to $520.06, according to Benzinga Pro data.
Cues From Last Session:
Led by strong gains in utilities, consumer staples, and real estate, most sectors within the S&P 500 finished Thursday in positive territory, contributing to the index’s fourth consecutive session of gains.
However, consumer discretionary and communication services stocks diverged from the broader market, ending the day lower.
Overall, the S&P 500 has climbed approximately 4.5% week-to-date, followed by a roughly 2.6% increase for the Dow and a significant 6.6% rise for the Nasdaq.
Notably, tech giants like Nvidia Corp. (NASDAQ:NVDA) and Tesla Inc. (NASDAQ:TSLA) have seen substantial weekly gains of around 15% each, with Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) also …Full story available on Benzinga.com Read MoreAMAT, AMZN, BRC, DKS, Economy, Ed Yardeni, Equities, FL, FLO, GOOG, GOOGL, Inflation, IXHL, Jamie Cox, Jerome Powell, Louis Navellier, META, News, NVDA, ORGN, PPI, Producer Price Index, QQQ, RBC, Recession, SPY, stagflation, stocks, stocks in focus, stocks in news. stocks to watch, Tariff, tariffs, TSLA, TTWO, US market preview, VST, WMT, WRD, Economics, Federal Reserve, Markets, WRD, ORGN, SPY, US78462F1030, GOOGL, US38259P5089, AMAT, US0382221051, VST, AMZN, US0231351067, META, GOOG, US38259P7069, IXHL, NVDA, US67066G1040, TTWO, US8740541094, BRC, US1046741062, DKS, US2533931026, FL, US3448491049, FLO, US3434981011, RBC, US7587501039, WMT, US9311421039, TSLA, US88160R1014, QQQ, US73935A1043, News, Equities, Economics, Federal Reserve, Markets, Benzinga Markets
