March S&P 500 E-Mini futures (ESH24) are down -0.02%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.11% this morning after three major U.S. benchmark indices ended the regular session higher despite a slightly hotter-than-expected U.S. consumer inflation report, with investors looking ahead to U.S. retail sales numbers and producer inflation data later in the week.
In Tuesday’s trading session, Oracle Corporation (ORCL) surged over +11% and was the top percentage gainer on the S&P 500 after reporting Q3 earnings that topped analysts’ expectations. Also, 3M Company (MMM) climbed more than +4% and was the top percentage gainer on the Dow after the industrial conglomerate named aerospace veteran William Brown as its new CEO. In addition, International Business Machines (IBM) gained over +3% following a report by CNBC indicating that the company informed employees in its marketing and communications division on Tuesday about staff reductions. On the bearish side, Southwest Airlines Company (LUV) tumbled more than -14% and was the top percentage loser on the S&P 500 after the U.S. carrier said it would have to cut its capacity plans and reevaluate its financial forecasts for the year due to lower aircraft deliveries from Boeing.
