September S&P 500 E-Mini futures (ESU25) are trending up +0.19% this morning, extending yesterday’s gains as rising confidence in the strength of the U.S. economy and positive earnings reports bolstered investors’ risk appetite.
In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Snap-On (SNA) surged nearly +8% and was the top percentage gainer on the S&P 500 after the company reported stronger-than-expected Q2 results. Also, PepsiCo (PEP) climbed more than +7% and was the top percentage gainer on the Nasdaq 100 after the beverages and snacks company posted better-than-expected Q2 results and maintained its full-year outlook. In addition, Lucid Group (LCID) jumped over +36% after the company announced a self-driving partnership with Uber and Nuro. On the bearish side, Elevance Health (ELV) plunged more than -12% and was the top percentage loser on the S&P 500 after the health insurer cut its full-year earnings guidance.
