March S&P 500 E-Mini futures (ESH25) are up +0.09%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.08% this morning as investors geared up for the latest reading on U.S. job openings while also awaiting remarks from a Federal Reserve official.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching 1-week highs. Chip stocks rallied after Nvidia’s assembly partner Foxconn reported record quarterly revenue driven by strong demand for AI infrastructure, with Micron Technology (MU) surging over +10% to lead gainers in the S&P 500 and Nvidia (NVDA) rising more than +3% to lead gainers in the Dow. Also, MicroStrategy (MSTR) climbed over +11% and was the top percentage gainer on the Nasdaq 100 after the price of Bitcoin hit a two-week high, and the company said it had bought 1,070 Bitcoin last Monday and Tuesday. In addition, Paycor HCM (PYCR) soared more than +23% after Bloomberg reported that Paychex is in advanced talks to acquire the company. On the bearish side, Palantir Technologies (PLTR) slumped nearly -5% after Morgan Stanley assumed coverage of the stock with an Underweight rating and a price target of $60.
