June S&P 500 E-Mini futures (ESM24) are trending up +0.02% this morning as market participants awaited the all-important U.S. consumer inflation report that will likely shape the outlook for Federal Reserve policy.
In yesterday’s trading session, Wall Street’s major indices closed in the green, with the benchmark S&P 500 posting a 5-week high and the tech-heavy Nasdaq 100 notching a 1-month high. Super Micro Computer (SMCI) climbed over +5% following CQG Partners’ disclosure of a new position in the stock in Q1, amounting to 1.31 million shares. Also, Oracle (ORCL) advanced more than +3% following a report from the Information stating that the company is close to a deal for a $10 billion cloud contract with xAI. In addition, Charles Schwab (SCHW) gained over +3% after reporting that its net new assets brought by new and existing clients amounted to $10 billion in April. On the bearish side, Paramount Global (PARA) slumped more than -5% and was the top percentage loser on the S&P 500 amid a report that Sony may be reconsidering its takeover bid.
