Invesco QQQ Trust Slides 0.11% on Mideast Escalation, Fed Rate-Hold Odds
U.S. stock futures dropped Thursday, pushing the Invesco QQQ Trust ETF down 0.11% as Middle East tensions escalated and Iran reportedly initiated contact with Trump to discuss ceasefire talks. Treasury yields rose with the 10-year at 3.11% and markets see a 97.3% chance of unchanged Fed rates in March.
1. Premarket Futures and QQQ Movement
U.S. stock futures declined Thursday, with Dow futures down 0.23%, S&P 500 futures off 0.13% and Nasdaq 100 futures falling 0.13%. Invesco QQQ Trust ETF mirrored the weakness, sliding 0.11% in premarket trading as investors assessed risk factors.
2. Middle East Conflict and Ceasefire Contact
Escalating hostilities between the U.S., Israel and Iran reached a sixth day, driving market volatility. Reportedly, Iranian leadership initiated contact with Trump to explore ceasefire negotiations, heightening uncertainty among global investors.
3. Treasury Yields and Fed Rate Expectations
The 10-year Treasury yield rose to 3.11% and the two-year yield climbed to 3.56%. FedWatch tool projections show a 97.3% probability of unchanged rates in March.