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Market Wrap: pre-opening session |
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U.S. market futures inch higher after both the S&P 500 (up 18 points or 0.26% to 7,041) and the Nasdaq 100 (up 128 points or 0.49% to 26,333) scored record-high closing levels for a second straight session yesterday.
The Dow Jones closed 115 points higher (+0.24%) at 48,578.
U.S. President Donald Trump said Israel and Lebanon agreed to a 10-day ceasefire, adding that the U.S. and Iran may meet again over the weekend.
In addition, Donald Trump said at an event in Las Vegas that Iran conflict "should be ending pretty soon."
No major economic stat is expected today in the U.S.
European stock indices trade mostly slightly higher. On the stat plan, eurozone's trade balance surplus came in at 11.5 billion euros in February, compared with a 1.0 billion euros deficit in January (revised from a 1.9 billion euros deficit) and a 9.8 billion euros surplus expected.
Asian indexes mostly fell following the recent rally as investors remain cautious regarding the conflict in Middle-East.
WTI crude oil prices decline after hitting resistance at 95.00 dollars.
Gold and silver both gain ground, trading near key technical resistances.
Bitcoin holds above 75,000 dollars after closing above that level for the first time since February 3.
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Netflix (NFLX), a video streaming service, plunges after issuing weak current quarter guidance and announcing founder Reed Hastings will not stand for re-election to the board when his term expires in June.
Alcoa (AA), an aluminum producer, drops as quarterly financial figures missed expectations.
Uber Technologies (UBER), a technology platform, agreed to purchase an additional 4.5% of shares of German delivery platform Delivery Hero from the company’s biggest shareholder Prosus. Total gross proceeds to Prosus are approximately 318 million dollars.
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Truist Financial (TFC)
Fifth Third (FITB)
State Street (STT)
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On Thursday, the S&P/TSX Composite Index fell 0.3% to 34,052 and the S&P/TSX 60 Index dropped 0.39% to 1,979.
Silvercorp Metals (SVM), a mining company, reported quarterly sales up 96% to 147.4 million dollars. Silver, lead and zinc production declined year-on-year. The company expects higher ore and metal output for current fiscal year but also anticipates increased costs.
Lundin Mining (LUN), a mining company, said that "revenue in the first quarter 2026 is expected to be positively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately 22 million dollars on a pre-tax basis." The company also said that "items of significant impact in the first quarter 2026 are expected to include unaudited realized losses on derivative contracts of approximately 13 million dollars, primarily related to gold collar contracts."
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