U.S. stock futures fell on Monday following Friday’s declines. Futures of major benchmark indices were lower.
President Donald Trump‘s nomination of Kevin Warsh to lead the Federal Reserve was followed by a sharp sell-off in Friday’s session.
Precious metals Gold and Silver also saw a sharp drop in their prices after a record-breaking rally in January.
Meanwhile, the 10-year Treasury bond yielded 4.22%, and the two-year bond was at 3.52%. The CME Group’s FedWatch tool‘s projections show markets pricing an 85.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
| Index | Performance (+/-) |
| Dow Jones | -0.29% |
| S&P 500 | -0.58% |
| Nasdaq 100 | -0.88% |
| Russell 2000 | -0.55% |
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 lower in premarket on Monday. The SPY was down 0.61% at $687.75, while the QQQ declined 0.85% to $616.57.
Stocks In Focus
Walt Disney
- Walt Disney Co. (NYSE:DIS) was 0.23% lower ahead of its earnings scheduled to be released before the opening bell. Analysts were expecting earnings of $1.56 per share on the revenue of $25.68 billion.
- DIS maintains a stronger price trend over the short, medium, and long terms with a solid growth ranking, as per Benzinga’s Edge Stock Rankings.
Strategy
- Strategy Inc. (NASDAQ:MSTR) shares sank 7.15% as Bitcoin (CRYPTO: BTC) prices dropped below $78,000 per coin and Michael Saylor posted on X with the caption, “More Orange,” suggesting Strategy may buy the latest dip.
- Benzinga’s Edge Stock Rankings indicate that MSTR maintains a weaker price trend in the medium, short, and long terms with a poor value ranking.
