June S&P 500 E-Mini futures (ESM24) are trending down -0.31% this morning as market participants geared up for the start of the Federal Reserve’s two-day policy meeting while also awaiting Wednesday’s release of a key U.S. inflation report.
In yesterday’s trading session, Wall Street’s major indexes ended higher. Southwest Airlines (LUV) advanced over +7% following a report from the Wall Street Journal indicating that activist investor Elliott Investment Management had built an almost $2 billion stake in the airline. Also, CrowdStrike (CRWD) climbed more than +7% after S&P Dow Jones Indices announced that the company would replace Comerica in the S&P 500 index, effective June 24th. In addition, Walmart (WMT) rose over +1% after JPMorgan upgraded the stock to Overweight from Neutral with a price target of $81. On the bearish side, Huntington Bancshares (HBAN) slumped more than -6% and was the top percentage loser on the S&P 500 after cutting its full-year net interest income guidance. Also, Advanced Micro Devices (AMD) fell over -4% and was the top percentage loser on the Nasdaq 100 after Morgan Stanley downgraded the stock to Equal Weight from Overweight.
