March S&P 500 E-Mini futures (ESH24) are up +0.07%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.15% this morning as investors geared up for a fresh batch of U.S. economic data.
In Monday’s trading session, Wall Street’s major indices ended lower. Insulet Corporation (PODD) plunged over -8% and was the top percentage loser on the S&P 500, adding to last Friday’s -6% drop after providing a weaker-than-expected FY24 revenue growth forecast. Also, Alcoa Corp (AA) slumped more than -4% after making a $2.2 billion offer to acquire its Australian joint-venture partner Alumina Ltd. In addition, Moderna Inc (MRNA) fell over -2% after HSBC downgraded the stock to Reduce from Hold with a price target of $86. On the bullish side, Domino’s Pizza Inc (DPZ) climbed more than +5% after reporting better-than-expected Q4 total domestic store comparable sales growth. Also, Micron Technology Inc (MU) gained over +4% after announcing it started volume production of its high-bandwidth memory semiconductors, HBM3E, for use in Nvidia’s latest AI chip.
