U.S. stock futures rose on Thursday following Wednesday’s gains. Futures of major benchmark indices were higher.
The indices settled higher on Wednesday, gaining more than 1% during the session after President Donald Trump abruptly withdrew his latest round of tariff threats.
He stated that planned tariffs on European Union countries will no longer take effect following what he described as a “very productive” meeting with NATO Secretary General Mark Rutte.
Meanwhile, the 10-year Treasury bond yielded 4.24%, and the two-year bond was at 3.59%. The CME Group’s FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Index | Performance (+/-) |
| Dow Jones | 0.41% |
| S&P 500 | 0.65% |
| Nasdaq 100 | 0.93% |
| Russell 2000 | 0.62% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Thursday. The SPY was up 0.64% at $689.76, while the QQQ advanced 0.90% to $621.80.
Stocks In Focus
Intel
- Intel Corp. (NASDAQ:INTC) was 1.60% higher in premarket on Thursday as it is projected to post quarterly earnings of 8 cents per share on revenue of $13.38 billion after the closing bell.
- INTC maintains a stronger price trend over the short, medium, and long terms with a moderate value ranking, as per Benzinga’s Edge Stock Rankings.
