March S&P 500 E-Mini futures (ESH24) are trending up +0.35% this morning as market participants geared up for crucial U.S. PPI and retail sales data while also awaiting quarterly results from software giant Adobe.
In Wednesday’s trading session, Wall Street’s major indices ended mixed. Dollar Tree (DLTR) plunged over -14% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the discount retailer reported downbeat Q4 results, provided weak Q1 and FY24 guidance, and announced plans to close about 600 Family Dollar stores in the first half of this year. Also, Tesla Inc (TSLA) slumped more than -4% after Wells Fargo downgraded the stock to Underweight from Equal Weight with a price target of $125. In addition, Intel Corporation (INTC) fell over -4% and was the top percentage loser on the Dow after Bloomberg reported that the Pentagon pulled out of a plan to give the company a chip grant of as much as $2.5 billion. On the bullish side, Beauty Health Co (SKIN) climbed more than +18% after the company reported upbeat Q4 results.
