Investors are waiting for the Federal Open Market Committee decision on interest rates, slated to be announced during the afternoon, with Kevin Warsh as the new Fed Chairman. The CME Group's FedWatch tool‘s projections show markets pricing a 99.6% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Meanwhile, even as the peace deal was agreed upon between the U.S. and Iran, recent findings by U.S. intelligence agencies reportedly suggested that Iran can now shut down the Strait of Hormuz at will, irrespective of the impending framework agreement scheduled for signing in Geneva on Friday.
Additionally, the 10-year Treasury bond yielded 4.44%, and the two-year bond was at 4.05%.
Index
Performance (+/-)
Dow Jones
-0.06%
S&P 500
0.10%
Nasdaq 100
0.57%
Russell 2000
0.03%
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 Wednesday. The SPY was up 0.19% at $751.72, while the QQQ advanced by 0.71% to $735.02.
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La-Z-Boy Inc. (NYSE:LZB) surged 19.62% after ...
