March S&P 500 E-Mini futures (ESH25) are trending up +0.04% this morning as investors await the start of the Federal Reserve’s two-day policy meeting and a fresh batch of U.S. economic data.
In yesterday’s trading session, Wall Street’s major indexes ended in the green. Intel (INTC) climbed over +6% and was the top percentage gainer on the Nasdaq 100 after Reuters reported that incoming CEO Lip-Bu Tan was considering significant changes to the company’s chip manufacturing methods and AI strategies. Also, Netflix (NFLX) rose more than +3% after MoffettNathanson upgraded the stock to Buy from Neutral with a price target of $1,100. In addition, Science Applications International Corp. (SAIC) gained over +7% after the information technology company posted better-than-expected Q4 results and raised its full-year guidance. On the bearish side, Tesla (TSLA) slid more than -4% and was the top percentage loser on the Nasdaq 100 after Chinese rival BYD Co. introduced a new electric vehicle system capable of charging a car in just five minutes.
