June S&P 500 E-Mini futures (ESM24) are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.14% this morning after three major U.S. benchmark indices ended the regular session higher as the prospect of lower interest rates and a resilient U.S. economy boosted investor sentiment.
In yesterday’s trading session, the benchmark S&P 500, blue-chip Dow, and tech-heavy Nasdaq 100 notched new all-time highs. Micron Technology (MU) surged over +14% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the memory maker reported better-than-expected Q2 results and provided above-consensus Q3 revenue guidance. Also, Broadcom (AVGO) climbed more than +5% after TD Cowen upgraded the stock to Outperform from Market Perform with a price target of $1,500. In addition, Guess? Inc. (GES) soared over +20% after the company posted upbeat Q4 results and announced a $2.25 per share special dividend. On the bearish side, Accenture (ACN) slumped more than -9% and was the top percentage loser on the S&P 500 after cutting its full-year revenue growth forecast. Also, Apple (AAPL) fell over -4% and was the top percentage loser on the Dow after the U.S. Justice Department and 16 attorneys general sued the iPhone maker, accusing it of violating antitrust laws.
