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  • 7 weeks ago
U.S. stock futures pared earlier losses to advance on Friday after a mixed Thursday. Futures of major benchmark indices were trading higher.

Rising unrest in Iran gripped investor sentiment as WTI Crude futures rose, gold remained largely flat, and the silver spot was inching higher.

With the Iranian government initiating a nationwide internet blackout to quell dissent, traders were parsing the risk on global markets and the economy.

The U.S Supreme Court is set to announce its ruling on tariffs imposed on other countries by President Donald Trump later today. Meanwhile, investors also await the December jobs reports, slated to be released on Friday.

The 10-year Treasury bond yielded 4.18%, and the two-year bond was at 3.50%. The CME Group's FedWatch tool‘s projections show markets pricing an 86.2% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.

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 Friday. The SPY was up 0.067% at $689.97, while the QQQ advanced 0.084% to $620.99, according to Benzinga Pro data.

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00:00all right futures are green across the board ahead of friday's open here today
00:11s&p futures up 0.14 percent dow futures up 0.08 percent and the nasdaq leading the way higher at
00:180.22 percent let's take a look at some cues from last session u.s markets saw broad gains in most
00:26industries led by energy consumer staples while information technology and health care
00:31were about the only sectors to post losses
00:35rising unrest in iran gripped inventor sentiment as wti crude futures rose gold remained largely flat
00:45and the silver spot was inching higher with the iranian government initiating a nationwide
00:51internet blackout to quell dissent traders were parsing the risk on global markets and the
00:58economy we actually had a brief discussion about how to trade in markets where there is all this
01:03type of uncertainty yesterday and one of the prevailing things that the group came up with
01:08was really kind of watch that vix right now the vix is telling you there isn't a whole lot of fear and
01:14of course that can change quickly but in terms of how to navigate some of this confusion the vix can
01:20actually be one of the really helpful tools to uh inform you of what the market is actually feeling
01:26behind the scenes the u.s supreme court could announce a ruling on tariffs imposed by other
01:32countries by president trump later today meanwhile investors also await the december jobs report
01:38slated to be released today the 10-year treasury bond yielded 4.18 percent and the two-year bond was
01:45at 3.5 percent now we do have some stocks in focus for you here today the first one's going to be
01:53general motors which is ticker gm that was 0.63 percent lower in the pre-market on friday after it
01:59faced a 7.1 billion dollar loss from the electric vehicles investment remember i believe ford's write
02:06off on that was like 19 billion so these companies um kind of reversing course here and maybe uh going
02:13more of the hybrid model as we've discussed before the next stock on our list here is rio tinto and the
02:19ticker on this is rio that dropped 2.46 percent after it confirmed talks on a possible merger with
02:25glencore which would make a mining giant the next stock on our list is tilray ticker t-l-r-y that jumped
02:338.32 percent after the company released its second quarter earnings report which beat expectations on the top
02:40and bottom lines the next stock is offer pad this is ticker o-p-a-d or opad that surged 38.82 percent
02:51following a new proposal by president trump with big implications for the nation's housing market it's
02:57also worth noting other housing stocks like rocket ticker rkt and open door ticker o-p-e-n also saw some
03:04outsized gains the last stock on our list here is calvista pharmaceuticals ticker on this one is c-a-l-v
03:12shares were 13.65 percent higher after the company reported preliminary global net product revenue
03:20results for the first quarter the company said it sees preliminary global net export revenue of
03:27ector lee of 35 million to 49 million for the quarter
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