September S&P 500 E-Mini futures (ESU25) are trending up +0.24% this morning, extending yesterday’s gains, while investors shift their focus from recent U.S. trade deals to economic data, a new round of corporate earnings reports, and the start of the Federal Reserve’s two-day policy meeting.
In yesterday’s trading session, Wall Street’s main stock indexes closed mixed, with the S&P 500 and Nasdaq 100 notching new all-time highs. Super Micro Computer (SMCI) surged over +10% and was the top percentage gainer on the S&P 500 amid optimism that demand for its AI servers will remain strong. Also, Advanced Micro Devices (AMD) climbed more than +4% and was the top percentage gainer on the Nasdaq 100 following reports that the chipmaker plans to raise the price of its Instinct MI350 AI accelerator from $15,000 to $25,000. In addition, Nike (NKE) rose over +3% and was the top percentage gainer on the Dow after JPMorgan upgraded the stock to Overweight from Neutral with a price target of $93. On the bearish side, Revvity (RVTY) slumped more than -8% and was among the top percentage losers on the S&P 500 after the health sciences company cut its full-year adjusted EPS guidance.
