September Nasdaq 100 E-Mini futures (NQU25) are trending up +0.02% this morning, with investors in wait-and-see mode ahead of a highly anticipated earnings report from AI darling Nvidia.
In yesterday’s trading session, Wall Street’s major indexes closed higher. Eli Lilly (LLY) climbed over +5% and was the top percentage gainer on the S&P 500 after the drugmaker announced positive results from a late-stage trial of its experimental weight-loss pill. Also, chip stocks advanced, with Marvell Technology (MRVL) and Qualcomm (QCOM) rising more than +1%. In addition, Boeing (BA) rose more than +3% and was the top percentage gainer on the Dow after the planemaker announced that Korean Air ordered 103 planes. On the bearish side, Keurig Dr Pepper (KDP) slid over -6% and was the top percentage loser on the S&P 500 and Nasdaq 100 after HSBC downgraded the stock to Hold from Buy.
