September S&P 500 futures (ESU23) are down -0.23%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.26% this morning as market participants exercised caution and refrained from taking big positions ahead of key U.S. inflation data scheduled for release on Wednesday.
In Monday’s trading session, Wall Street’s major indices closed in the green. Tesla Inc (TSLA) climbed over +10% and was the top percentage gainer on the tech-heavy Nasdaq 100 after Morgan Stanley upgraded the stock to Overweight from Equal Weight and said its Dojo supercomputer could add to its market capitalization by as much as $500 billion. Also, Qualcomm Incorporated (QCOM) gained more than +3% after the chipmaker announced it had extended an agreement with Apple to supply 5G chips until at least 2026. In addition, Hostess Brands Inc (TWNK) soared over +19% after JM Smucker agreed to acquire the owner of Twinkies snack cakes for $5.6 billion. On the bearish side, Rtx Corp (RTX) plunged more than -7% after the company cut its full-year sales outlook.
