March S&P 500 E-Mini futures (ESH25) are down -0.04%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.54% this morning, pointing to a higher open on Wall Street after yesterday’s dramatic selloff, while investors await the latest reading on U.S. job openings.
In yesterday’s trading session, Wall Street’s three main equity benchmarks closed sharply lower, with the S&P 500, Dow, and Nasdaq 100 posting 5-3/4 month lows. The Magnificent Seven stocks sank, with Tesla (TSLA) tumbling over -15% to lead losers in the S&P 500 and Nvidia (NVDA) sliding more than -5% to lead losers in the Dow. Also, cryptocurrency-exposed stocks slumped after the price of Bitcoin dropped more than -8%, with MicroStrategy (MSTR) plunging over -16% to lead losers in the Nasdaq 100. In addition, Rocket Cos. (RKT) cratered more than -15% after agreeing to buy Redfin in a deal valued at $1.75 billion. On the bullish side, Regeneron Pharmaceuticals (REGN) climbed over +5% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after announcing positive results from a late-stage trial of its Dupixent treatment.
