June S&P 500 E-Mini futures (ESM24) are down -0.53%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as U.S. Treasury yields continued to rise following weak debt auctions, resilient consumer confidence data, and hawkish comments from a Federal Reserve official, while investors braced for key U.S. inflation data later this week.
In yesterday’s trading session, Wall Street’s major indexes closed mixed. Nvidia (NVDA) climbed about +7% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the Information reported that Elon Musk indicated that xAI would utilize the chipmaker’s H100 graphics processing units. Also, United States Cellular (USM) advanced more than +12% after announcing it would sell almost all its wireless operations and certain specified spectrum assets to T-Mobile US for about $4.4 billion. In addition, Norwegian Cruise Line Holdings (NCLH) gained over +3% after Mizuho Securities upgraded the stock to Buy from Neutral with a price target of $24. On the bearish side, Moderna (MRNA) plunged more than -8% and was the top percentage loser on the S&P 500 and Nasdaq 100 after an SEC filing revealed that director Afeyan offloaded $2.36 million worth of company common stock last Wednesday. Also, Zscaler (ZS) slid over -4% after Wells Fargo Securities downgraded the stock to Equal Weight from Overweight.
