March S&P 500 E-Mini futures (ESH24) are trending up +0.02% this morning as investors geared up for crucial U.S. PPI data and earnings from big U.S. banks.
In Thursday’s trading session, Wall Street’s major indexes closed mixed, with the blue-chip Dow notching a record high and the tech-heavy Nasdaq 100 posting a 1-1/2 week high. Salesforce Inc (CRM) gained over +2% and was the top percentage gainer on the Dow after Baird upgraded the stock to Outperform from Neutral with a price target of $300. Also, Netflix (NFLX) rose more than +2% and was the top percentage gainer on the S&P 500 after Citic Securities initiated coverage of the stock with an Add recommendation and a price target of $485. On the bearish side, Warner Bros Discovery Inc (WBD) slid over -3% and was the top percentage loser on the Nasdaq 100 after Redburn Atlantic downgraded the stock to Neutral from Buy. In addition, Tesla Inc (TSLA) fell over -2% following a Bloomberg report indicating that the electric vehicle giant had informed employees at its California car plant about wage hikes across its U.S. factories.
