Mixed Start for US Stocks as Iran Receives US Ceasefire Proposal
US stocks are set to open on a mixed note Thursday, with futures of the Dow Jones and S&P 500 indices falling, while Nasdaq 100 futures rose.
The move comes after Iran announced it received a US response regarding a proposal to restore the collapsed Gulf ceasefire. The news follows the final withdrawal of US troops from neighboring Iraq, which Iranian-backed militias are framing as a major regional victory.
In other markets, the 10-year Treasury bond yielded 5.33%, and the 2-year Treasury bond yielded 4.91%. Markets are pricing in a 39.3% likelihood of the Federal Reserve hiking interest rates after its October meeting.
Some notable stocks in focus include Micron Technology (MU), which beat analyst estimates with fourth-quarter revenue, and Vicor Corp. (VICR), which surged 12.2% after raising third-quarter sequential revenue growth guidance.