U.S. stock futures pared earlier losses to trade higher on Thursday after Wednesday's positive close. Futures of major benchmark indices were higher.
This followed the doubts raised by the U.S. Supreme Court regarding President Donald Trump's authority to impose sweeping tariffs using a decades-old emergency powers law, on Wednesday.
The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.61%. The CME Group's FedWatch tool‘s projections show markets pricing a 67.3% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
-0.06%
S&P 500
-0.02%
Nasdaq 100
-0.06%
Russell 2000
-0.19%
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 Thursday. The SPY was up 0.16% at $678.67, while the QQQ advanced 0.14% to $624.16, according to Benzinga Pro data.
Stocks In Focus
Airbnb
Airbnb Inc. (NASDAQ:ABNB) rose 0.041% in premarket on Thursday ahead of its earnings, scheduled to be released after the closing bell. Analysts expect it to report earnings of $2.34 per share on revenue of $4.08 billion.
Benzinga’s Edge Stock Rankings indicate that ABNB maintains a weaker price trend over the short, medium, and long terms, with a moderate value ranking. Additional performance details are available here.
Apple
Apple Inc. (NASDAQ:AAPL) fell 0.27% after the news that it was finalizing a deal ...
