June S&P 500 futures (ESM23) are down -0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.06% this morning after three major U.S. benchmark indices finished the regular session lower as weaker-than-expected U.S. economic data stoked investor concerns about the health of the economy.
In Monday’s trading session, EPAM Systems Inc (EPAM) tumbled over -21% and was the top percentage loser on the benchmark S&P 500 after the company lowered its Q2 and FY23 guidance. Also, Intel Corporation (INTC) plunged more than -4% and was the top percentage loser on the blue-chip Dow after Apple Inc (AAPL) announced that an upcoming Mac Pro computer would include a new chip made in-house. In addition, energy stocks, including oil majors Chevron Corp (CVX) and Exxon Mobil Corp (XOM), retreated after oil prices pared earlier gains as concerns over the demand outlook overshadowed Saudi Arabia’s decision to cut production by another 1M barrels per day. On the positive side, Palo Alto Networks Inc (PANW) climbed more than +4% as the software company is tipped to replace DISH Network (DISH) in the S&P 500 from June 20th.
