March S&P 500 E-Mini futures (ESH24) are down -0.37%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.51% this morning as the climb in U.S. Treasury yields sapped demand for risk assets while investors braced for key U.S. inflation data later this week and the kickoff of the earnings season on Friday.
In Monday’s trading session, Wall Street’s major indices closed higher, with the benchmark S&P 500 rising to a 1-week high. American Airlines Group (AAL) climbed over +7% and was the top percentage gainer on the S&P 500 after Morgan Stanley upgraded the stock to Overweight from Equal Weight. Also, NVIDIA Corporation (NVDA) gained more than +6% after unveiling new artificial intelligence products for personal computers. In addition, Apple Inc (AAPL) rose over +2% following the announcement that its Vision Pro mixed-reality device will be available for sale in the United States starting February 2nd. On the bearish side, Boeing Co (BA) slumped more than -8% and was the top percentage loser on the Dow and S&P 500 after the U.S. Federal Aviation Administration ordered a temporary grounding of 171 Boeing 737 MAX 9 jets following an incident where a fuselage section on a new Alaska Airlines jet blew out during flight.
