U.S. stock futures rose on Tuesday following Monday’s mixed close. Futures of the major benchmark indices were higher.
In the latest on the U.S.-Iran war, President Donald Trump hinted at ending the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed, the Wall Street Journal reported.
Iran’s foreign minister, Abbas Araghchi, called on Saudi Arabia to “eject” U.S. troops from the kingdom, following an Iranian strike on a major American air base.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu announced that the joint U.S.-Israel mission in Iran has crossed a significant threshold.
The 10-year Treasury bond yielded 4.32%, and the two-year bond was at 3.82%. The CME Group’s FedWatch tool‘s projections show markets pricing a 97.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
Index
Performance (+/-)
Dow Jones
0.92%
S&P 500
0.89%
Nasdaq 100
0.70%
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 Tuesday. The SPY was up 0.86% at $637.38, while the QQQ advanced 0.80% to $562.73.
Stocks In Focus
Allbirds
Allbirds Inc. (NASDAQ:BIRD) surged 19.40% in premarket on Tuesday after it announced that it has entered into a definitive agreement with American Exchange Group to sell all of its intellectual property and certain assets.
Benzinga’s Edge Stock Rankings indicate that BIRD maintains a weak price trend over the medium and long terms but a strong trend in the short term.
Virgin Galactic Holdings
Virgin Galactic Holdings Inc. (NYSE:SPCE) jumped 6.45% after reporting mixed financial results for the fourth quarter after the market closed on Monday.
Benzinga’s Edge Stock …Full story available on Benzinga.com
