September S&P 500 E-Mini futures (ESU24) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.04% this morning as investors looked ahead to the U.S. presidential debate between Donald Trump and Kamala Harris, while also awaiting Wednesday’s release of a key U.S. inflation report.
In yesterday’s trading session, Wall Street’s major indexes closed higher. Super Micro Computer (SMCI) climbed over +6% and was the top percentage gainer on the S&P 500 after GlassHouse Research revealed a long position in the artificial intelligence server company, citing a “highly favorable” risk-reward at current levels. Also, Boeing (BA) advanced more than +3% on optimism that a labor agreement with its largest union will prevent a strike at its Seattle-area factories. In addition, Palantir Technologies (PLTR) surged over +14%, and Dell Technologies (DELL) rose more than +3% after S&P Global announced the inclusion of both companies in the benchmark S&P 500 index, effective before the opening of trading on September 23rd. On the bearish side, shares of health insurers offering Medicare Advantage plans retreated after Leerink Partners released a report indicating that these plans might struggle to achieve high-quality “star ratings” necessary for bonus payments, with Humana (HUM) sliding over -3% and CVS Health (CVS) falling more than -2%.
