However, persistent uncertainty surrounding the U.S.-Iran peace talks is capping enthusiasm as Reuters reports that a directive from Iran's Supreme Leader to keep its enriched uranium stockpile within the country has hardened Tehran’s stance on a core American demand.
While Pakistan attempts to mediate a breakthrough, investor caution remains elevated over unresolved sticking points regarding the Strait of Hormuz and a potential global energy shock, pushing oil prices higher and keeping the U.S. dollar near a six-week high.
Meanwhile, the 10-year Treasury bond yielded 4.57%, and the two-year bond was at 4.09%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.28%
S&P 500
0.31%
Nasdaq 100
0.53%
Russell 2000
0.32%
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 Friday. The SPY was up 0.39% at $745.58, while the QQQ was higher by 0.59% to $718.71.
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