March S&P 500 E-Mini futures (ESH25) are trending down -0.21% this morning, taking a breather after the benchmark index scaled a fresh peak, while investors geared up for U.S. business activity data.
In yesterday’s trading session, Wall Street’s major indexes closed in the green, with the benchmark S&P 500 notching a new all-time high and the blue-chip Dow posting a 6-week high. GE Aerospace (GE) climbed over +6% after the maker of jet engines posted upbeat Q4 results, issued solid FY25 adjusted EPS guidance, and announced a $7 billion stock buyback plan. Also, Union Pacific (UNP) advanced more than +5% after the railroad operator reported better-than-expected Q4 EPS. In addition, Netflix (NFLX) gained over +3% after Wolfe Research upgraded the stock to Outperform from Peer Perform with a price target of $1,100. On the bearish side, Electronic Arts (EA) tumbled more than -16% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the company reported weaker-than-expected preliminary FQ3 results and cut its full-year net bookings guidance. Also, chip stocks lost ground, with Arm Holdings (ARM) slumping over -7% and Micron Technology (MU) sliding more than -4%.
