Stock Market Today: Dow Jones, S&P 500 Futures Gain As Trump Administration Evades War Powers Deadline- A
Benzinga • • business
Key Points:
- U.S. stock futures showed mixed signals on Friday after record gains on Thursday driven by mega-cap earnings, with Apple leading premarket gains following strong quarterly results and guidance.
- The Trump administration used a recent ceasefire to bypass a War Powers Resolution deadline for troop withdrawal from Iran, while Treasury yields stood at 4.39% for 10-year bonds and 3.89% for two-year bonds.
- Analysts expect a gradual shift in Federal Reserve policy under Kevin Warsh, Trump's nominee for Fed chair, potentially involving slow rate cuts and balance sheet reduction, which could increase volatility in bond markets.
- Key economic data releases scheduled for Friday include April's S&P U.S. manufacturing PMI and ISM manufacturing data, which investors will monitor closely.
- Commodity markets saw crude oil prices rise slightly to around $105.45 per barrel, gold prices fell over 1%, and Bitcoin increased by 1.72%, while Asian and European markets were mostly closed for Labor Day.
