September S&P 500 futures (ESU23) are trending down -0.04% this morning after three major U.S. benchmark indices finished the regular session slightly higher as market participants digested milder-than-feared U.S. consumer inflation report while also bracing for crucial U.S. PPI data.
In Thursday’s trading session, Walt Disney Company (DIS) climbed over +4% and was the top percentage gainer on the blue-chip Dow after the company lowered its 2023 capital expenditures forecast and said it would raise prices on its streaming services. Also, U.S.-listed Chinese technology stocks gained ground, with Alibaba Group Holding Limited (BABA) rising more than +4% after the company reported better-than-expected Q1 revenue. In addition, Capri Holdings Ltd (CPRI) surged over +55% after Tapestry said it would acquire the Michael Kors parent for $57.00 per share in cash. On the bearish side, Ralph Lauren Corp (RL) plunged more than -4% after the apparel giant posted weaker-than-expected Q1 total comparable sales ex-forex.
