(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)
U.S. stock futures declined on Thursday following a mixed close on Tuesday, with only the Nasdaq 100 index ending in green.
However, investors remain highly vigilant regarding headline risk. The U.S Supreme Court could make a ruling on tariffs imposed on other countries by President Donald Trump as early as Friday, Jan. 9. The Supreme Court has said it will hold an Opinion Day on Friday, with the justices back from a break.
Additionally, investors also await the December jobs reports, slated to be released on Friday as well.
Meanwhile, the 10-year Treasury bond yielded 4.15%, and the two-year bond was at 3.47%. The CME Group’s FedWatch tool‘s projections show markets pricing an 88.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
| Futures | Change (+/-) |
| Dow Jones | -0.29% |
| S&P 500 | -0.23% |
| Nasdaq 100 | -0.30% |
| Russell 2000 | -0.45% |
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 Thursday. The SPY was down 0.16% at $688.46, while the QQQ declined 0.23% to $622.57, according to Benzinga Pro data.
Stocks In Focus
AZZ
- AZZ Inc. (NYSE:AZZ) was 2.8% higher in premarket on Thursday after the company reported upbeat earnings for the third quarter.
- Benzinga’s Edge Stock Rankings shows that AZZZ maintains a stronger price trend over the short, medium, and long term, with a solid quality ranking. Additional information is available here.
