March S&P 500 E-Mini futures (ESH24) are trending down -0.23% this morning as investors looked ahead to the crucial monthly U.S. nonfarm payrolls report for further clues on the timing of possible interest-rate cuts this year.
In Thursday’s trading session, Wall Street’s major indexes closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 dropping to 3-week lows. Walgreens Boots Alliance Inc (WBA) plunged over -5% and was the top percentage loser on the Dow and Nasdaq 100 after the U.S. pharmacy chain nearly halved its dividend. Also, Mobileye Global Inc (MBLY) tumbled more than -24% after providing a below-consensus FY24 revenue outlook. In addition, Apple Inc (AAPL) slid over -1% after Piper Sandler downgraded the stock to Neutral from Overweight with a price target of $205. On the bullish side, Allstate (ALL) climbed more than +2% after Morgan Stanley upgraded the stock to Overweight from Equal Weight with a price target of $171.
