September S&P 500 E-Mini futures (ESU25) are trending up +0.18% this morning as optimism grows that the U.S. payrolls report will pave the way for the Federal Reserve to resume cutting interest rates later this month.
In yesterday’s trading session, Wall Street’s three main equity benchmarks closed in the green. T. Rowe Price Group (TROW) climbed over +5% and was the top percentage gainer on the S&P 500 after Goldman Sachs announced plans to invest up to $1 billion in the company and partner with the asset manager to sell private-market products to retail investors. Also, most chip stocks gained ground, with Micron Technology (MU) rising more than +4% to lead gainers in the Nasdaq 100 and KLA Corp. (KLAC) advancing over +3%. In addition, Amazon.com (AMZN) rose over +4% and was the top percentage gainer on the Dow after announcing several positive business updates, including a new partnership for its Project Kuiper and favorable news regarding its investment in AI startup Anthropic. On the bearish side, Salesforce (CRM) slid more than -4% and was the top percentage loser on the Dow after the cloud software company provided disappointing Q3 guidance.
