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Oleksandr Pylypenko

S&P Futures Tread Water Ahead of U.S. ADP Jobs Report and FOMC Meeting Minutes

March S&P 500 E-Mini futures (ESH25) are trending down -0.02% this morning as investors awaited the Federal Reserve’s December meeting minutes, comments from a Fed official, and a fresh batch of U.S. economic data.

In yesterday’s trading session, Wall Street’s main stock indexes closed lower. Palantir Technologies (PLTR) slumped over -7% and was the top percentage loser on the S&P 500 after Cathie Wood’s ARK Invest ETFs sold $15 million worth of the stock on Monday. Also, MicroStrategy (MSTR) plunged nearly -10% and was the top percentage loser on the Nasdaq 100 after the price of Bitcoin dropped more than -5%. In addition, Tesla (TSLA) slid over -4% after BofA downgraded the stock to Neutral from Buy. On the bullish side, Moderna (MRNA) surged more than +11% and was the top percentage gainer on the S&P 500 as vaccine makers rallied amid a rising spate of flu and COVID-19 cases across the U.S. 

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