President Donald Trump appeared unfazed by the possibility of negotiations collapsing with Iran. “I really don’t care. I couldn’t care less,” Trump told CNBC when asked about reports suggesting Iran may halt talks with Washington.
He also predicted that crude would soon be “dropping like a rock” and gasoline would plummet to $1.85 a gallon once the crisis resolves.
Meanwhile, the 10-year Treasury bond yielded 4.43%, and the two-year bond was at 4.02%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
-0.28%
S&P 500
-0.09%
Nasdaq 100
-0.01%
Russell 2000
-0.01%
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 lower in premarket on Tuesday. The SPY was down 0.083% at $757.91, while the QQQ declined by 0.026% to $742.55.
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Stocks In Focus
Hewlett-Packard Enterprise
Hewlett Packard Enterprise Co. (NYSE:HPE) surged 26.60% in premarket on Tuesday after it reported higher-than-expected second-quarter results after market close. The company’s EPS came in at $0.79, ahead of the consensus of $0.53 on revenue of $10.68 billion, beating the estimate of $9.79 billion.
Benzinga’s Edge Stock Rankings indicate that HPE maintains a strong price trend in the long, short, and medium terms, with a poor growth rank.
Alphabet
Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) was 2.48% lower as the Google parent announced plans to sell stock worth $80 billion, including a $10 billion investment by Berkshire Hathaway Inc.
