Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Gain as Iran Receives US Proposal To Restore Ceasefire

Benzinga

U.S. stock futures pared losses to advance on Thursday, as the Dow Jones, S&P 500, and Nasdaq 100 indices rose, following Wednesday's mixed close.  U.S. weekly jobless claims edged down to a seasonally adjusted 197,000 for the week ending Sept. 26, falling by 1,000 from the prior week's revised level and signaling ongoing labor market strength. The four-week moving average eased by 2,500 to 200,000, while continued unemployment claims for the week ending Sept. 19 dropped by 11,000 to 1.701 million.  Iran announced receiving a U.S. response regarding a proposal to restore the collapsed Gulf ceasefire as final U.S. troops completed their withdrawal from neighboring Iraq, Reuters reported. Iranian-backed militias are framing the military exit—coming 23 years after the initial invasion—as a major regional victory.  Meanwhile, the 10-year Treasury bond yielded 5.33%, and the 2-year Treasury bond yielded 4.91%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 39.3% likelihood of the Federal Reserve hiking interest rates after its October meeting.  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 0.38% at $765.54, while the QQQ advanced 0.60% to $744.23.

Transcript

00:00U.S. stocks look set to open on a mixed note on Thursday with futures of the Dow Jones

00:03and S&P 500 indices falling, while the Nasdaq 100 futures rose, following Wednesday's mixed close.

00:10Iran announced receiving a U.S. response regarding a proposal to restore the collapsed Gulf ceasefire

00:15as final U.S. troops completed their withdrawal from neighboring Iraq.

00:19Reuters reported, Iranian-backed militias are framing the military exit,

00:22coming 23 years after the initial invasion, as a major regional victory.

00:26Meanwhile, the 10-year Treasury bond yielded 5.33%, and the 2-year Treasury bond yielded 4.91% at

00:33the last check.

00:34The CME Group's FedWatch tool projections show markets pricing in a 39.3% likelihood

00:39of the Federal Reserve hiking interest rates at its October meeting.

00:42The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF,

00:46which track the S&P 500 Index and Nasdaq 100 Index, respectively, were mixed in pre-market on Thursday.

00:52The SPY was down 0.059% at $762.18, while the QQQ advanced 0.26% to $741.72.

01:04Stocks in focus for today are

01:06Micron Technology was 0.037% higher in pre-market on Thursday after it posted fourth-quarter revenue

01:13of $54.23 billion, beating analyst estimates of $50.75 billion and adjusted earnings of $33.42 per share,

01:21beating estimates of $31.45 per share.

01:24Vicor surged 12.2% after raising its third-quarter sequential revenue growth guidance.

01:29Synopsys was 2.46% higher, after it said that it sees fiscal 2027 adjusted earnings of $19.04

01:37to $19.12 per share, versus market estimates of $17.32 per share.

01:43Constellation Energy was 2.94% higher in Thursday pre-market after it announced a 20-year power

01:48purchase agreement with Amazon.com that will add 190 megawatts of nuclear capacity at Calvert Cliffs,

01:53Maryland.

01:53Nike was 0.4% lower, as analysts expect the company to post quarterly earnings of $0.44

01:59per share on revenue of $11.33 billion after the closing bell.

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Transcript

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