June S&P 500 E-Mini futures (ESM25) are trending down -0.04% this morning as market participants look for new catalysts following the recent rally driven by a soft U.S. inflation reading and the U.S.-China trade truce that pushed the benchmark index into positive territory for the year.
In yesterday’s trading session, Wall Street’s main stock indexes ended mixed. Nvidia (NVDA) climbed over +5% and was the top percentage gainer on the Dow after CEO Jensen Huang announced that the chipmaker will supply semiconductors to Saudi Arabian AI firm Humain for a large-scale data center project. Also, Palantir Technologies (PLTR) surged more than +8% and was the top percentage gainer on the Nasdaq 100 after CTBC Securities Investment Service initiated coverage of the stock with a Buy rating and $142.30 price target. In addition, Coinbase Global (COIN) soared over +23% after S&P Dow Jones Indices announced that the company would join the S&P 500 Index, effective May 19th. On the bearish side, UnitedHealth Group (UNH) tumbled more than -17% and was the top percentage loser on the S&P 500 and Dow after the insurer announced the resignation of CEO Andrew Witty and suspended its 2025 guidance.
