March S&P 500 E-Mini futures (ESH24) are trending down -0.37% this morning as market participants looked ahead to a new round of U.S. economic data, comments from Fed officials, and earnings reports from notable cloud sector players Salesforce and Snowflake.
In Tuesday’s trading session, Wall Street’s major indexes closed mixed. Norwegian Cruise Line Holdings (NCLH) surged over +19% and was the top percentage gainer on the S&P 500 after the cruise line operator reported better-than-expected Q4 revenue, guided to a surprise profit in Q1, and gave a strong 2024 adjusted EBITDA forecast. Also, Constellation Energy Corp (CEG) climbed more than +16% and was the top percentage gainer on the Nasdaq 100 after the company posted stronger-than-expected Q4 adjusted EBITDA and provided above-consensus FY24 adjusted EPS guidance. In addition, Zoom Video Communications Inc (ZM) rose +8% after the company reported upbeat Q4 results, offered solid Q1 guidance, and announced a new $1.5B buyback program. On the bearish side, Workday Inc (WDAY) fell more than -3% and was the top percentage loser on the Nasdaq 100 after the payroll software company issued a soft full-year subscription revenue forecast. Also, Unity Software Inc (U) slumped over -6% after providing below-consensus FY24 revenue guidance.
