June S&P 500 E-Mini futures (ESM24) are down -0.36%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.34% this morning after weak manufacturing data raised concerns about the U.S. economic health, while investors geared up for the latest reading on U.S. job openings.
In yesterday’s trading session, Wall Street’s major indexes ended mixed. Paramount Global (PARA) climbed over +7% and was the top percentage gainer on the S&P 500 following a report from Bloomberg stating that Skydance Media’s latest offer for the company includes an option for nonvoting shareholders to cash out a portion of their stock for about $15 a share. Also, Nvidia (NVDA) advanced more than +4% and was the top percentage gainer on the Nasdaq 100 after CEO Jensen Huang announced at a Computex conference in Taiwan the rollout of the Blackwell Ultra chip next year and a next-generation AI chip platform called Rubin in 2026. In addition, Boeing (BA) rose nearly +4% and was the top percentage gainer on the Dow after Shenzhen TV reported the company resumed deliveries of new aircraft to China. On the bearish side, Science Applications International (SAIC) plunged more than -11% after the company reported in-line Q1 adjusted EPS and offered a soft FY25 revenue outlook. Also, energy stocks retreated as the price of WTI crude dropped more than -3% to a 3-month low, with Diamondback Energy (FANG) and Devon Energy (DVN) sliding over -4%.
