June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.
In Thursday’s trading session, the tech-heavy Nasdaq 100 logged its biggest one-day percentage gain since mid-March, while the benchmark S&P 500 and the blue-chip Dow clinched their largest daily percentage gain since early January, boosted by a more than +13% jump in shares of Meta Platforms (META) after the social media giant reported upbeat Q1 results and issued better-than-expected Q2 revenue guidance. Also, easing concerns about the regional banking space buoyed sentiment, with First Republic Bank (FRC) climbing over +8%.
