President Donald Trump signed the short-term funding bill on Wednesday night after the House of Representatives passed it to end the longest government shutdown in U.S. history, bringing an end to the political stalemate.
Meanwhile, the 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.57%. The CME Group's FedWatch tool‘s projections show markets pricing a 55.6% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.02%
S&P 500
-0.15%
Nasdaq 100
-0.22%
Russell 2000
-0.26%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, were lower in premarket on Thursday. The SPY was down 0.14% at $682.40, while the QQQ declined 0.19% to $619.88, according to Benzinga Pro data.
Stocks In Focus
Cisco Systems
Cisco Systems Inc. (NASDAQ:CSCO) jumped 7.04% in premarket on Thursday after reporting upbeat financial results for the first quarter.
Benzinga’s Edge Stock Rankings indicate that CSCO maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are available here.
Walt Disney
Walt Disney Co. (NYSE:DIS) was 0.29% higher ahead of its earnings scheduled to be released before the opening bell. Analysts expect earnings of $1.04 per share on revenue of $22.75 billion.
DIS maintained a stronger price trend over the short, medium, and long terms, with a moderate ...
