March S&P 500 E-Mini futures (ESH24) are trending up +0.04% this morning as investors exercised caution and refrained from taking large positions in anticipation of Thursday’s U.S. inflation report and the start of the earnings season on Friday.
In Tuesday’s trading session, Wall Street’s major indexes ended mixed. MSC Industrial Direct Company Inc (MSM) fell over -3% after the company reported weaker-than-expected Q1 results. Also, Unity Software Inc (U) plunged more than -7% after the company disclosed in an SEC filing on Monday its intention to reduce approximately 1,800 employee roles, constituting about 25% of its current workforce. In addition, Boeing Co (BA) dropped over -1%, extending losses after Monday’s -7% slide after the National Transportation Safety Board said it is contemplating widening the probe into other Boeing 737 Max jets. On the bullish side, Juniper Networks Inc (JNPR) soared over +21% and was the top percentage gainer on the benchmark S&P 500 following a Wall Street Journal report indicating that Hewlett Packard Enterprise is in advanced talks to acquire the company for around $13 billion. In addition, CrowdStrike Holdings Inc (CRWD) climbed more than +4% and was the top percentage gainer on the tech-heavy Nasdaq 100 after Morgan Stanley upgraded the stock to Overweight from Equal Weight with a price target of $304.
