- U.S. stock futures dipped Thursday, giving back some of the sharp gains from
the previous session, as traders continue to monitor the Middle East after the
U.S. and Iran agreed to a two-week ceasefire.
- Tehran agreed to reopen the waterway for the next two weeks as long as all
attacks are halted, according to a statement from Iran’s Foreign Minister.
- But later on Wednesday, Iran’s parliamentary speaker accused the U.S. of
already violating the ceasefire agreement.
- Crude prices rose again on Thursday, putting pressure on equities.
- The core personal consumption expenditures price index showed a 3% expansion
for February, matching expectations.
- Shares of CoreWeave rose more than 3% in premarket trading on Thursday after
the AI cloud computing company announced an expanded infrastructure deal with
Meta Platforms
- Asia-Pacific markets fell Thursday, after Iran’s parliamentary speaker charged
the U.S. of breaching the terms of their two-week ceasefire agreement.
- The Dow Jones Transportation Average surged to fresh records Wednesday as
stocks jumped on a relief rally.
