Stock Market Today: S&P 500, Nasdaq Futures Drop As Trump Pushes Iran Deal Deadline-Unity Software, Oracle, SoFi Technologies In Focus
Benzinga • • business
Key Points:
- U.S. stock futures declined on Friday following a sharp sell-off on Thursday, with major benchmark indices trending lower amid ongoing geopolitical tensions and economic concerns.
- Iran rejected a 15-point U.S. proposal conveyed through Pakistan, with senior Iranian officials stating it primarily served American and Israeli interests, escalating diplomatic tensions.
- Treasury yields showed the 10-year bond at 4.45% and the two-year at 4.00%, while market projections indicate a 93.8% probability that the Federal Reserve will keep interest rates unchanged in its upcoming April meeting.
- Key stocks experienced mixed movements: SoFi Technologies announced a significant expansion in its loan platform but saw a slight share decline, while Datacentrex plunged over 30% following a discounted public offering announcement.
- Analyst Scott Wren highlighted ongoing inflationary pressures linked to geopolitical conflict, recommending investors rebalance portfolios away from energy stocks toward U.S. large-cap equities and favored sectors like Financials, Industrials, and Utilities.
