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Barchart
Barchart
Oleksandr Pylypenko

S&P Futures Tick Lower as Investors Cautiously Await U.S. Big Bank Earnings

June S&P 500 E-Mini futures (ESM24) are down -0.12% this morning as market participants geared up for earnings from big U.S. banks.

In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the tech-heavy Nasdaq 100 notching a 1-week high. Paramount (PARA) climbed over +7% and was the top percentage gainer on the S&P 500 following a report from Adweek that the company is exploring the sale of its VidCon unit. Also, Apple (AAPL) advanced more than +4% and was the top percentage gainer on the Dow following Bloomberg’s report that the company plans to center the next version of its M-family chips on artificial intelligence in an effort to boost Mac sales. In addition, Atlassian (TEAM) rose over +4% and was the top percentage gainer on the Nasdaq 100 after Barclays upgraded the stock to Overweight from Equal Weight with a price target of $275. On the bearish side, Fastenal (FAST) slumped more than -6% and was the top percentage loser on the Nasdaq 100 after reporting weaker-than-expected Q1 results.

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