June S&P 500 E-Mini futures (ESM25) are trending up +0.10% this morning, stabilizing after yesterday’s drop, while investors await U.S. business activity data and a potential pre-dawn vote in the U.S. House of Representatives on President Donald Trump’s sweeping tax and spending bill.
In yesterday’s trading session, Wall Street’s three main equity benchmarks ended lower. Palo Alto Networks (PANW) slumped over -6% and was the top percentage loser on the Nasdaq 100 after the cybersecurity firm provided a tepid FQ4 revenue forecast. Also, UnitedHealth Group (UNH) slid more than -5% and was the top percentage loser on the Dow after the Guardian reported that the insurer had quietly paid bonuses to nursing homes to limit hospital transfers for ailing residents. In addition, Wolfspeed (WOLF) plummeted over -59% after the Wall Street Journal reported that the chip-component maker was preparing to file for bankruptcy in the coming weeks. On the bullish side, Alphabet (GOOGL) rose more than +2% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the Google parent announced it will roll out “AI mode” in search to all U.S. users.
