The U.S. military retaliated against Iran by launching strikes on an Iranian ground control station on Qeshm Island, near the Strait of Hormuz, after Iran's failed missile attacks on Kuwait and Bahrain.
Just a day before the missile attacks, Israeli Prime Minister Benjamin Netanyahu reportedly received a heated call from President Donald Trump over the situation in Lebanon. According to an Axios report, Trump called Netanyahu "crazy" and said he would "be in prison if it weren't for me." Trump allegedly added, "Everybody hates you now. Everybody hates Israel because of this."
Meanwhile, the 10-year Treasury bond yielded 4.48%, and the two-year bond was at 4.07%. 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
-0.26%
S&P 500
-0.07%
Nasdaq 100
0.01%
Russell 2000
-0.36%
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 mixed in premarket on Wednesday. The SPY was down 0.053% at $759.17, while the QQQ advanced by 0.032% to $746.40.
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Palo Alto Networks
Palo Alto Networks Inc. (NASDAQ:PANW) was 4.62% lower despite beating third-quarter estimates and raising its guidance.
Benzinga’s Edge Stock Rankings indicate that PANW maintains a strong price trend in the short, long, and medium terms, with a solid growth score.
Shopify
Shopify Inc. (NASDAQ:SHOP) was 0.85% higher as it added $3 billion to its ongoing share repurchase plan, bringing the total to $5 billion.
Benzinga’s Edge Stock ...
