President Donald Trump posted early Monday that "both sides, Israel and Iran, are looking to do an immediate ceasefire," shortly before Iran's armed forces said they had ended military operations against Israel, while warning of "harsher attacks" if strikes on Lebanon resume.
The Nasdaq rebounded on Monday, driven by encouraging remarks from tech leaders, including Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, who indicated that the recent market pullback offers a prime entry point for artificial intelligence (AI) investments.
Meanwhile, the 10-year Treasury bond yielded 4.55%, and the two-year bond was at 4.15%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.2% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.16%
S&P 500
0.38%
Nasdaq 100
0.71%
Russell 2000
0.72%
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 Tuesday. The SPY was up 0.45% at $742.54, while the QQQ advanced by 0.78% to $721.66.
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Stocks In Focus
Vail Resorts
Vail Resorts Inc. (NYSE:MTN) dropped 4.53% in premarket on Tuesday after posting worse-than-expected third-quarter results after Monday’s closing bell.
Benzinga’s Edge Stock Rankings indicate that MTN maintains a weak price trend in the long term but a strong trend in the medium and short terms, with a poor growth ranking.
Mission Produce
Mission Produce Inc. (NASDAQ:AVO) declined by 5.43% after reporting downbeat second-quarter results after Monday’s closing bell. The company ...
