September S&P 500 futures (ESU23) are trending down -0.42% this morning as market participants assessed the latest signs of China’s faltering economic recovery while awaiting the release of the Federal Reserve’s June policy meeting minutes.
In Monday’s trading session, Wall Street’s major averages ended moderately higher, with the tech-heavy Nasdaq 100 notching a 2-week high. Tesla Inc (TSLA) surged more than +6% and was among the top percentage gainers on the Nasdaq 100 after announcing record Q2 deliveries. Regional bank stocks also advanced, with Zions Bancorp (ZION) climbing over +4%, KeyCorp (KEY) rising more than +3%, and M&T Bank (MTB) gaining over +2%. In addition, Fidelity National Information Services Inc (FIS) soared about +6% following a report that private equity firms were exploring taking a majority stake in Fidelity’s Worldpay unit.
