March S&P 500 E-Mini futures (ESH24) are trending down -0.34% this morning as investors looked ahead to the latest reading on U.S. job openings as well as the release of the Federal Reserve’s December policy meeting minutes.
In Tuesday’s trading session, Wall Street’s major indexes ended mixed, with the benchmark S&P 500 dropping to a 1-week low and the tech-heavy Nasdaq 100 falling to a 2-week low. Apple Inc (AAPL) slumped over -3% after Barclays downgraded the stock to Underweight from Equal Weight with a price target of $160. Also, chip stocks lost ground following a report from Bloomberg News indicating that ASML Holding NV canceled some shipments of its chip-making machines to China at the request of U.S. President Joe Biden’s administration, with Advanced Micro Devices Inc (AMD) plunging about -6% and Intel Corporation (INTC) sliding over -4%. In addition, Boeing Co (BA) dropped more than -3% after Goldman Sachs removed the stock from its U.S. Conviction List. On the bullish side, Moderna Inc (MRNA) surged over +13% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after Oppenheimer upgraded the stock to Outperform from Market Perform.
