June S&P 500 E-Mini futures (ESM24) are trending down -0.30% this morning as investors awaited the start of the Federal Reserve’s two-day policy meeting while also gearing up for the release of fresh data on the U.S. housing market.
In Monday’s trading session, Wall Street’s major indexes closed higher. Tesla Inc (TSLA) climbed over +6% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the electric carmaker said it would raise prices for all Model Y cars in the United States by $1,000 starting April 1st. The company also stated on Saturday that Model Y prices would increase by about 2,000 euros ($2,177) across several European countries on March 22nd. Also, Alphabet (GOOGL) advanced more than +4% following a report from Bloomberg News indicating that Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone. In addition, PepsiCo (PEP) gained about +4% after Morgan Stanley upgraded the stock to Overweight from Equal Weight with a $190 price target. On the bearish side, Boeing Co (BA) dropped more than -1% and was the top percentage loser on the Dow after Bloomberg News reported that a Federal grand jury in Seattle had issued a subpoena to the planemaker regarding the January 5th midair blowout of a Boeing door plug on an Alaska Airlines flight.
