FINWIRES · TerminalLIVE
FINWIRES

Stocks Rise, Oil Declines Pre-Bell as US, Iran Agree to Two-Week Ceasefire

-- US equity futures were pointing higher on Wednesday while oil prices fell as the US and Iran agreed to a two-week ceasefire, potentially paving the way for the reopening of the crucial Strait of Hormuz.

The S&P 500 rose 2.6%, the Dow Jones Industrial Average increased 2.4% and the Nasdaq advanced 3.3% before the opening bell. The S&P 500 and the Nasdaq finished the previous trading session in the green, while the Dow closed lower.

In a social media post on Tuesday, President Donald Trump announced that he agreed to suspend "the bombing and attack of Iran for a period of two weeks" based on conversations and requests from Pakistan's Prime Minister Shehbaz Sharif and Field Marshal Asim Munir. The suspension of hostilities is subject to Iran agreeing to the "complete, immediate, and safe opening" of the Strait of Hormuz, according to Trump.

"We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate," Trump said in his post. "Almost all of the various points of past contention have been agreed to between the (US) and Iran, but a two week period will allow the agreement to be finalized and consummated."

Trump had previously set an 8 pm ET deadline on Tuesday for Iran to fully reopen the strait or face destructive military attacks.

In a separate statement shared on X, Iran's Foreign Minister Seyed Abbas Araghchi said Tehran will halt its defensive operations if attacks against it are stopped. Iran will also allow "safe passage" through the Strait of Hormuz, a key route for crude flows, during the two-week ceasefire through coordination with its armed forces and "with due consideration of technical limitations," according to Araghchi.

Pakistan has invited US and Iranian delegations to Islamabad on Friday to further negotiate a "conclusive agreement to settle all disputes," Sharif said on X. Reuters reported earlier in the week that Pakistan put forward a proposal to both countries for an immediate ceasefire followed by a broader agreement to permanently end their war.

The US-Israel war with Iran began at the end of February, disrupting shipments through the Strait of Hormuz and driving up energy prices. The conflict spread across the Middle East, with Gulf countries forced to intercept missiles and drones fired by Tehran.

West Texas Intermediate crude oil dropped 16% to $94.39 a barrel in premarket action, while Brent fell 14% to $94.18.

The Fed is scheduled to post minutes of its last policy meeting at 2 pm, which will be assessed for fresh insight on the central bank's monetary policy. Last month, the central bank held interest rates steady, saying the Middle East conflict poses uncertainty to the US economic outlook.

Markets widely expect the Fed to keep its benchmark lending rate steady at its next policy meeting later in April, according to the CME FedWatch tool.

Treasury yields plunged before the open, with the two-year rate declining 9.7 basis points to 3.74% and the 10-year rate falling 9.5 basis points to 4.25%.

Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.

Delta Air Lines (DAL) and RPM International (RPM) report their latest financial results before the bell, among others. Constellation Brands (STZ) releases its earnings after the markets close.

Shares of Levi Strauss (LEVI) jumped 11% pre-bell as the denim maker lifted its full-year outlook. Palo Alto Networks (PANW) inclined 2.1% while Trade Desk (TTD) was up nearly 4%.

Gold gained 2.5% to $4,800 per troy ounce, while bitcoin climbed 4.3% to $71,663.

相关文章

Australia

最新消息:联合太平洋铁路公司股价上涨,此前该公司公布的第一季度财报超出预期。

(标题和第一段更新了最新的股价走势。) 联合太平洋铁路公司 (UNP) 股价周四上涨 7.6%,此前该公司公布的第一季度盈利超出预期,营收也高于去年同期。 该公司公布的第一季度稀释后每股收益为 2.87 美元,高于去年同期的 2.70 美元。 FactSet 调查的分析师此前预期为 2.84 美元。 截至 3 月 31 日的第一季度总营业收入为 62.2 亿美元,高于去年同期的 60.3 亿美元。 FactSet 调查的分析师此前预期为 62.3 亿美元。 该公司表示,预计 2026 年全年每股收益将实现中等个位数增长。Price: $268.46, Change: $+19.06, Percent Change: +7.64%

$UNP
Australia

最新消息:意法半导体股价上涨,此前该公司公布的第一季度营收超出预期

(标题和第一段更新了股票走势信息。) 意法半导体 (STM) 股价周四上涨 13%,此前该公司公布的第一季度营收超出华尔街预期。 截至 3 月 28 日的第一季度,公司营收从去年同期的 25.2 亿美元增至 31 亿美元。 FactSet 调查的分析师此前预期为 30.4 亿美元。 非 GAAP 每股收益从去年同期的 0.07 美元增至 0.13 美元。 FactSet 调查的分析师此前预期为 0.18 美元。 公司预计第二季度营收为 34.5 亿美元。FactSet 调查的分析师此前预期为 31.6 亿美元。Price: $50.58, Change: $+5.72, Percent Change: +12.75%

$STM
Australia

最新消息:ASGN股价下跌,此前其第一季度调整后每股收益和营收均不及预期

(标题和第一段更新了最新的股价走势,第八段更新了瑞银下调评级。) ASGN (ASGN) 股价周四下跌 47.5%,此前该公司公布的第一财季业绩不及分析师预期,盈利和营收均低于预期,且第二财季业绩展望也弱于预期。 该公司周三晚间公布的第一财季非GAAP每股收益为0.69美元,低于去年同期的0.92美元。 FactSet调查的分析师预期为0.98美元。 截至3月31日的第一财季营收为9.683亿美元,与去年同期持平。 分析师预期为9.728亿美元。 该公司预计第二财季非GAAP每股收益为0.72美元至0.90美元,营收为9.7亿美元至10亿美元。 分析师分别预期营收为12.8亿美元和10.2亿美元。 瑞银将ASGN的目标股价从39美元下调至35美元,并维持“卖出”评级。Price: $21.22, Change: $-19.21, Percent Change: -47.51%

$ASGN