December S&P 500 futures (ESZ23) are up +0.46%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.52% this morning as market participants awaited U.S. business activity data while also gearing up for a deluge of quarterly reports from heavyweight names.
In Monday’s trading session, Wall Street’s major indices closed mixed. Textainer Group Holdings Ltd (TGH) climbed over +44% after U.S. infrastructure investor Stonepeak agreed to buy the shipping container lessor in a deal valued at about $7.4 billion. Also, NVIDIA Corporation (NVDA) rose more than +3% following a report from Reuters stating that the company could sell chips for Windows PCs using Arm Holdings’ architecture as soon as 2025. In addition, Walgreens Boots Alliance Inc (WBA) gained over +3% after JPMorgan upgraded the stock to Overweight from Neutral. On the bearish side, FMC Corporation (FMC) plunged more than -13% and was the top percentage loser on the benchmark S&P 500 after the agricultural products supplier cut its Q3 guidance.
