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QQQ

SPY

Wall Street anticipates a higher opening on Friday, recovering from a previous session sell-off, despite ongoing concerns about potential interest rate hikes. The focus is on the non-farm payrolls report, which could influence market sentiment. Analysts suggest that while strong job data might cause a temporary pullback, a significant rise in average hourly earnings could heighten fears of aggressive rate hikes by the Federal Reserve. The market is also attentive to upcoming Federal Reserve officials' speeches. The CBOE Volatility Index (VIX) indicates increased market volatility. Futures data shows positive movement in major indexes and ETFs like SPY and QQQ in premarket trading. Comments from Fed officials have recently spooked the market, leading to significant losses. Analysts advocate a 'buy-the-dip' strategy, noting key support levels for the S&P 500 and emphasizing the market's sensitivity to inflation and rate hike expectations.

Portfolio Pulse from Shanthi Rexaline

April 05, 2024 | 11:12 am

NTRA

Natera announced results from the Phase 3 IMvigor011 trial in muscle-invasive bladder cancer, showing patients who remained Signatera MRD-negative post-surgery had 100% overall survival at 12 months. The data suggests these patients might avoid adjuvant treatment.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 11:04 am

AMZN

FTEC

MSFT

XLK

Microsoft Corp (NASDAQ:MSFT) is under antitrust investigation in South Africa for its cloud computing licensing practices, similar to an ongoing EU case. The EU investigation, prompted by complaints from CISPE and other cloud providers, focuses on Microsoft's licensing terms potentially harming Europe's cloud ecosystem. Microsoft is negotiating with CISPE to avoid an EU investigation that could lead to fines and operational changes. The EU is also examining Microsoft's investment in OpenAI and complaints about Microsoft Teams. Microsoft plans to sell Teams separately from its Office suite globally in response to an EU investigation. MSFT stock has gained 47% in the last 12 months, and exposure to MSFT can be gained through SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 11:03 am

GLD

SPY

USO

Global markets experienced declines with the U.S. stock markets ending lower due to cautious statements from Federal Reserve officials and anticipation for the U.S. jobs report. The S&P 500 sectors all saw declines, particularly in technology, while defense shares gained. Asian markets also fell, notably Japan's Nikkei 225. European markets and commodities like crude oil and gold saw mixed results. U.S. futures indicated a slight uptick in early trading.

Portfolio Pulse from Akanksha Bakshi

April 05, 2024 | 10:48 am

CHK

SWN

Chesapeake and Southwestern have received a second request from the FTC, extending the review period of their merger. The completion of the merger is now anticipated to occur in the second half of 2023.

Portfolio Pulse from Charles Gross

April 05, 2024 | 10:12 am

MDIA

RELI

STIX

Reliance Global Group, Inc. (RELI) shares fell by 11.3% in pre-market trading after reporting a net loss of $12.0 million for 2023, contrasting with a net income of $6.5 million in 2022. Other stocks showed significant movement in pre-market trading, with notable gainers including MediaCo Holding Inc. (MDIA), Nutex Health Inc. (NUTX), and 22nd Century Group, Inc. (XXII), among others. Losers included Semantix, Inc. (STIX) and HWH International Inc. (HWH), with STIX reporting a voluntary delisting from the Nasdaq Global Market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:45 am

IPHA

Innate Pharma announced the filing of its 2023 Universal Registration Document and 2023 Annual Report on Form 20-F. This step is crucial for compliance and transparency with international financial reporting standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:15 am

EADSY

SPR

Boeing Co. (NYSE:BA) and Airbus SE (OTC:EADSY) are reportedly close to finalizing a deal to split the operations of Spirit AeroSystems Holdings Inc. (NYSE:SPR), a key supplier. This move could mark the end of Boeing's 20-year outsourcing strategy and involves dividing Spirit's assets crucial for their jet programs amid antitrust concerns. The deal, still under negotiation, could see Boeing and Airbus taking over essential plants, with Airbus potentially investing over $1 billion in A220 wing production optimization. The division is seen as a strategic pivot for Boeing to reinforce its manufacturing capabilities, especially after recent FAA scrutiny over quality control.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 9:04 am

TSLA

U.S. Treasury Secretary Janet Yellen began her visit to China, focusing on strengthening economic relations while addressing concerns over China's manufacturing overcapacity and its global implications. Yellen emphasized the importance of a level playing field for American workers and firms and the need for open dialogue. She criticized China's industrial subsidies and expressed concerns over China's green energy exports potentially harming American firms. The visit highlights ongoing economic tensions, particularly in sectors like semiconductors, green energy, and electric vehicles (EVs), with companies like Tesla and BYD mentioned in the context of the growing EV market.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:42 am

INDA

The Reserve Bank of India has decided to keep the interest rate unchanged at 6.50%. This decision was anticipated by market analysts and reflects the central bank's current stance on managing inflation while supporting economic growth. The decision may influence investor sentiment regarding Indian markets and assets related to the country's economic performance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:50 am