June S&P 500 futures (ESM23) are trending up +0.16% this morning after three major U.S. benchmark indices closed higher on Thursday as technology-related shares continued to shine, while investors braced for crucial inflation data for more clues on Federal Reserve’s next rate moves.
In Thursday’s trading session, the benchmark S&P 500 notched a 3-1/2 week high, the blue-chip Dow posted a 3-week high, and the tech-heavy Nasdaq rose to a 7-month high, led by gains in tech stocks as Treasury yields retreated following the latest U.S. economic data. Tech stocks also got a boost from an over +7% jump in the U.S.-listed shares of JD.com (JD) after the Chinese e-commerce giant announced plans to separately list two of its units on the Hong Kong Stock Exchange. At the same time, shares of U.S. regional banks fell after the Biden administration called for tougher measures for mid-size banks following the collapse of Silicon Valley Bank and Signature Bank.
