March S&P 500 E-Mini futures (ESH25) are up +0.21%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.22% this morning, pointing to a slightly higher open on Wall Street as investors await the Federal Reserve’s policy decision and Chair Jerome Powell’s comments.
In yesterday’s trading session, Wall Street’s three main equity benchmarks closed lower. The Magnificent Seven stocks sank, with Tesla (TSLA) sliding over -5% and Meta Platforms (META) falling more than -3%. Also, travel stocks retreated on economic concerns, with Royal Caribbean Cruises (RCL) slumping over -7% and Norwegian Cruise Line Holdings (NCLH) dropping more than -4%. In addition, Bakkt Holdings (BKKT) plummeted over -27% after Bank of America and Webull Pay announced they would not renew their commercial agreements with the company. On the bullish side, Harrow Health (HROW) surged more than +15% after the company reported better-than-expected preliminary Q4 revenue.
