
June S&P 500 E-Mini futures (ESM25) are trending down -0.30% this morning as investors cautiously await a barrage of U.S. economic data, including the Fed’s favorite inflation gauge and the first estimate of first-quarter GDP, as well as earnings reports from “Magnificent Seven” companies Microsoft and Meta.
Some negative corporate news is weighing on stock index futures, with Super Micro Computer (SMCI) tumbling over -14% in pre-market trading after the artificial intelligence server maker reported weaker-than-expected preliminary FQ3 results. Also, Starbucks (SBUX) slid over -6% in pre-market trading after the coffee chain posted weaker-than-expected FQ2 results.