June S&P 500 E-Mini futures (ESM24) are trending down -0.20% this morning as market participants refrained from making big bets ahead of the release of the Fed’s first-line inflation gauge.
In yesterday’s trading session, Wall Street’s major indices closed lower, with the benchmark S&P 500 dropping to a 2-week low, the blue-chip Dow falling to a 4-week low, and the tech-heavy Nasdaq 100 sliding to a 1-1/2 week low. Salesforce (CRM) plunged over -19% and was the top percentage loser on the S&P 500 and Dow after the enterprise software giant reported weaker-than-expected Q1 revenue and provided below-consensus Q2 and FY25 revenue guidance. Also, Kohl’s (KSS) tumbled more than -22% after the department store chain reported an unexpected Q1 loss and slashed its full-year guidance. In addition, UiPath (PATH) plummeted about -34% after the software company gave a disappointing FY25 revenue outlook and announced the resignation of CEO Rob Enslin. On the bullish side, HP Inc. (HPQ) surged more than +16% and was the top percentage gainer on the S&P 500 after reporting better-than-expected Q2 results.
