Meanwhile, President Donald Trump launched “Trump Accounts,” providing every eligible newborn in the U.S. with a $1,000 government-funded savings account to jumpstart their financial future.
The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing an 87% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.21%
S&P 500
0.16%
Nasdaq 100
0.10%
Russell 2000
0.37%
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 higher in premarket on Wednesday. The SPY was up 0.17% at $682.67, while the QQQ advanced 0.14% to $622.85, according to Benzinga Pro data.
Stocks In Focus
Marvell Technology
Marvell Technology Inc. (NASDAQ:MRVL) jumped 9.83% after reporting better-than-expected third-quarter financial results and announcing the acquisition of Celestial AI.
Benzinga’s Edge Stock Rankings indicate that MRVL maintains a stronger price trend over the short, medium, and long terms, with a moderate growth ranking. Additional performance details are available here.
CrowdStrike Holdings
CrowdStrike Holdings Inc. (NASDAQ:CRWD) dropped 2.36% despite reporting better-than-expected financial results for the third quarter and raising its full-year guidance.
CRWD maintained a stronger price trend over the long and medium terms, with a weaker trend in the short term. Additional performance details, as per Benzinga’s Edge Stock Rankings, ...
