September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.25% this morning as market participants digested weak Chinese and Eurozone manufacturing data while looking ahead to the U.S. ISM manufacturing survey.
In Monday’s trading session, SoFi Technologies Inc. (SOFI) surged over +19% after the online bank reported stronger-than-expected Q2 revenue and raised its FY23 adjusted net revenue guidance. Also, energy stocks gained ground as the price of WTI crude rose more than +1% to a 3-1/2 month high. In addition, ON Semiconductor (ON) climbed over +2% after the company reported upbeat Q2 results and issued above-consensus Q3 revenue guidance. On the bearish side, Johnson & Johnson (JNJ) fell more than -3% and was the top percentage loser on the blue-chip Dow after the pharmaceutical giant’s second attempt to use its unit’s bankruptcy filing as a method to handle talc-related lawsuits was rejected by a New Jersey bankruptcy court.
