March S&P 500 E-Mini futures (ESH26) are trending down -0.04% this morning, steadying after a three-day rally as investors await a trio of reports delayed by the government shutdown, with a particular focus on the initial estimate of third-quarter GDP.
In yesterday’s trading session, Wall Street’s main stock indexes closed higher. Chip stocks advanced, with Micron Technology (MU) rising over +4% to lead gainers in the Nasdaq 100 and ON Semiconductor (ON) gaining more than +2%. Also, Warner Bros. Discovery (WBD) rose more than +3% after Larry Ellison agreed to back Paramount Skydance’s bid to buy the company with a $40.4 billion personal guarantee. In addition, UniFirst (UNF) surged over +16% after Cintas submitted a new offer to acquire the company for $275 per share or about $5.2 billion. On the bearish side, Dominion Energy (D) slid more than -3% after the Trump administration halted the construction of all U.S. offshore wind projects.
