(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)
U.S. stock futures fell on Friday following Thursday’s sharp sell-off. Futures of the major benchmark indices were lower.
On Thursday, President Donald Trump pushed the deadline for Iran to finalize a deal back by 10 days to April 6. This move halted planned strikes against Iranian energy infrastructure as he asserted that negotiations were progressing “very well.”
Tehran, however, reportedly rejected a 15-point U.S. proposal conveyed through Pakistan, with a senior Iranian official telling Reuters that senior officials and a representative of the supreme leader found it served only American and Israeli interests.
Meanwhile, the 10-year Treasury bond yielded 4.45%, and the two-year bond was at 4.00%. The CME Group’s FedWatch tool’s projections show markets pricing a 93.8% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
| Index | Performance (+/-) |
| Dow Jones | -0.16% |
| S&P 500 | -0.14% |
| Nasdaq 100 | -0.21% |
| Russell 2000 | -0.33% |
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 lower in premarket on Friday. The SPY was down 0.37% at $642.70, while the QQQ declined 0.57% to $570.52.
Stocks In Focus
Unity Software
- Unity Software Inc. (NYSE:U) surged 15.24% in premarket on Friday after it released strong preliminary results for the first quarter. The company sees first-quarter revenue in the range of $505 million to $508 million versus prior guidance of $480 million to $490 million.
- Benzinga’s Edge Stock Rankings indicate that U maintains a weak price trend over the long, short, and medium terms.
