June S&P 500 E-Mini futures (ESM24) are trending up +0.03% this morning as market participants braced for crucial U.S. retail sales data and a series of Federal Reserve speakers.
In yesterday’s trading session, Wall Street’s major indexes ended in the green, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching new record highs. Autodesk (ADSK) advanced over +6% and was the top percentage gainer on the S&P 500 and Nasdaq 100 following a report from the Wall Street Journal stating that activist investor Starboard Value had taken a $500 million stake in the company. Also, Tesla (TSLA) climbed more than +5% after Bloomberg reported that the company had gained approval to test its advanced driver-assistance system on some streets in Shanghai. In addition, Micron Technology (MU) rose over +4% after three brokerages raised their price targets on the stock. On the bearish side, Louisiana-Pacific (LPX) fell more than -3% after Goldman Sachs downgraded the stock to Sell from Neutral with a price target of $81.
