September S&P 500 E-Mini futures (ESU24) are trending up +0.15% this morning as investors looked ahead to further testimony from Federal Reserve Chair Jerome Powell while also bracing for Thursday’s release of a key U.S. inflation report as well as the start of the earnings season.
In yesterday’s trading session, Wall Street’s main stock indexes closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching new all-time highs. Principal Financial Group (PFG) climbed over +3% after Raymond James upgraded the stock to Strong Buy from Market Perform with a price target of $99. Also, Nvidia (NVDA) advanced more than +2% after KeyBanc Capital Markets raised its price target on the stock to $180 from $130. In addition, Kymera Therapeutics (KYMR) surged over +23% after announcing that Sanofi plans to expand its ongoing Phase 2 trials for Hidradenitis Suppurativa and Atopic Dermatitis. On the bearish side, Albemarle (ALB) slumped more than -8% and was the top percentage loser on the S&P 500 after UBS and Baird lowered their price targets on the stock.
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