U.S. stock futures were fluctuating on Wednesday following Tuesday’s negative close. Futures of major benchmark indices were mixed.
President Donald Trump signed a funding deal to end the four-day partial government shutdown, though the brief closure has already triggered delays for critical economic indicators.
Meanwhile, the 10-year Treasury bond yielded 4.27%, and the two-year bond was at 3.58%. The CME Group’s FedWatch tool‘s projections show markets pricing a 91.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
0.12%
S&P 500
0.061%
Nasdaq 100
-0.093%
Russell 2000
0.38%
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, were mixed in premarket on Wednesday. The SPY was up 0.11% at $690.21, while the QQQ declined 0.02% to $616.40.
Stocks In Focus
Advanced Micro Devices
Advanced Micro Devices Inc. (NASDAQ:AMD) plunged 7.63% in premarket on Wednesday despite reporting better-than-expected fourth-quarter financial results.
AMD maintains a stronger price trend over the short, medium, and long terms, with a solid quality ranking, as per Benzinga’s Edge Stock Rankings.
Super Micro Computer
Super Micro Computer Inc. (NASDAQ:SMCI) jumped 12.27% after its fourth-quarter earnings report, beating estimates on the top and bottom lines. It expects third-quarter adjusted EPS of 60 cents, versus the 53 cents estimate, and revenue at $12.3 billion, versus the $10.15 billion analyst estimate.
Benzinga’s Edge Stock Rankings indicate that SMCI maintains a stronger price trend in the short term but a weaker trend in the medium and long terms, with a strong growth …Full story available on Benzinga.com
