Editor’s Note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.
U.S. stocks soared on Wednesday, following Tuesday’s mixed close. Futures of the major benchmark indices surged as President Donald Trump announced a two-week ceasefire on Iran strikes.
President Trump also said on Tuesday that the United States had won a “total and complete victory” after striking a two-week ceasefire deal with Iran, projecting confidence that the truce could lead to a broader agreement even as major questions remained unresolved.
However, Iran insisted that this does not mark the end of the ongoing conflict. Tehran has directed all military divisions to halt fire, but stressed that this does not conclude the war. “Our fingers are on the trigger; any mistake by the enemy will be met with a full-scale response,” Iran’s Supreme National Security Council cautioned.
Meanwhile, the 10-year Treasury bond yielded 4.24%, and the two-year bond was at 3.71%. The CME Group’s FedWatch tool‘s projections show markets pricing a 98.4% likelihood of the Federal Reserve leaving the current interest rates unchanged in its April meeting.
| Index | Performance (+/-) |
| Dow Jones | 2.25% |
| S&P 500 | 2.46% |
| Nasdaq 100 | 3.25% |
| Russell 2000 | 3.59% |
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 Tuesday. The SPY was up 2.60% at $676.12, while the QQQ advanced 3.37% to $608.44.
Stocks In Focus
SoFi Technologies
- SoFi Technologies Inc. (NASDAQ:SOFI) jumped 8.38% as it was experiencing significant market activity, following last week’s launch of big business banking to power fiat and crypto banking on a single regulated platform.
- Benzinga’s Edge Stock Rankings indicate that SOFI maintains a weak price trend in the short, medium, and long terms, with a solid growth score.
Uber Technologies And Amazon
- Uber Technologies Inc. …