June S&P 500 E-Mini futures (ESM24) are up +0.32%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.34% this morning as investors awaited U.S. business activity data while also bracing for a deluge of corporate earnings reports.
In yesterday’s trading session, Wall Street’s major indices ended in the green. Vista Outdoor (VSTO) climbed over +6% after the company advised MNC Capital to increase its offer price from $37.50 per share. Also, Truist Financial (TFC) advanced more than +3% after reporting better-than-expected Q1 adjusted EPS. In addition, Salesforce (CRM) gained over +1% following a report by the Wall Street Journal indicating that talks between the company and data-management software firm Informatica regarding a potential acquisition fizzled due to a failure to reach an agreement on terms. On the bearish side, Verizon Communications (VZ) fell more than -4% and was the top percentage loser on the Dow after reporting weaker-than-expected Q1 operating revenue. Also, Tesla (TSLA) slid over -3% and was the top percentage loser on the Nasdaq 100 after the EV maker cut prices across several key markets, including China and Germany, following price cuts in the United States late last week.
