June S&P 500 E-Mini futures (ESM24) are trending down -0.11% this morning as market participants geared up for the next round of quarterly results and awaited more comments from Federal Reserve officials.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the benchmark S&P 500 notching a 3-week high and the blue-chip Dow posting a 4-week high. FMC Corp. (FMC) climbed over +9% and was the top percentage gainer on the S&P 500 after the company reported better-than-expected Q1 adjusted EPS and maintained its full-year revenue outlook of $4.50 billion to $4.70 billion, with the midpoint above the consensus of $4.53 billion. Also, GlobalFoundries (GFS) advanced more than +7% and was the top percentage gainer on the Nasdaq 100 after reporting upbeat Q1 results and offering solid Q2 guidance. In addition, Peloton Interactive (PTON) surged over +15% following a CNBC report indicating that several private equity firms have been contemplating a buyout of the connected fitness company. On the bearish side, Builders FirstSource (BLDR) tumbled about -19% and was the top percentage loser on the S&P 500 after the company provided a weaker-than-expected FY24 adjusted EBITDA forecast. Also, Walt Disney (DIS) slumped more than -9% and was the top percentage loser on the Dow after the entertainment giant reported Q2 Disney+ subscriber figures that narrowly missed estimates, gave a tepid Q3 streaming subscriber growth forecast, and anticipated a moderation in visits to parks from peak post-Covid levels.
