September S&P 500 futures (ESU23) are down -0.03%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.10% this morning as market participants braced for the next round of quarterly reports while also awaiting crucial U.S. retail sales data.
In Monday’s trading session, the benchmark S&P 500 rose to a 15-month high, the blue-chip Dow posted a 7-month high, and the tech-heavy Nasdaq 100 notched a 1-1/2 year high. Tesla Inc (TSLA) gained over +3% after the company announced on Saturday that the first Cybertruck was built out of the company’s Gigafactory in Austin, Texas. Also, Apple Inc (AAPL) rose more than +1% after Morgan Stanley raised its price target on the stock to $220 from $190. In addition, Activision Blizzard Inc (ATVI) soared over +3% after a U.S. appeals court denied the Federal Trade Commission’s request to temporarily pause Microsoft’s (MSFT) planned $69 billion acquisition of the company. On the bearish side, Ford Motor Company (F) plunged more than -5% and was among the top percentage losers on the S&P 500 after the automaker cut the price on the electric version of its F-150 truck. Also, AT&T Inc (T) slid over -6% after Citi downgraded the stock to Neutral from Buy.
