September S&P 500 E-Mini futures (ESU24) are down -0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.57% this morning while investors awaited a new batch of U.S. economic data due next week to reinforce signs of resilience in the world’s largest economy.
In yesterday’s trading session, Wall Street’s stock indexes surged. Parker-Hannifin (PH) soared over +10% after the company posted upbeat Q4 results and provided a strong FY25 adjusted EPS forecast. Also, chip stocks gained ground, with Arm (ARM) climbing more than +10% to lead gainers in the Nasdaq 100 and ON Semiconductor (ON) rising over +8%. In addition, Eli Lilly (LLY) advanced more than +9% after the drugmaker reported stronger-than-expected Q2 results and raised its full-year guidance. On the bearish side, McKesson (MCK) plunged over -11% and was the top percentage loser on the S&P 500 after the drug distributor reported weaker-than-expected Q1 revenue. Also, Monster Beverage (MNST) slumped more than -10% and was the top percentage loser on the Nasdaq 100 after reporting weaker-than-expected Q2 results and warning of declining demand.
