September S&P 500 E-Mini futures (ESU24) are up +0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.09% this morning as market participants held back from making any big bets ahead of the release of the U.S. consumer inflation report.
In yesterday’s trading session, Wall Street’s major indexes closed higher, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching 1-1/2 week highs and the blue-chip Dow posting a 1-week high. Starbucks (SBUX) soared over +24% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after naming Chipotle Mexican Grill’s Brian Niccol as its next CEO effective September 9th, succeeding Laxman Narasimhan, who is stepping down as CEO effective immediately. Also, chip stocks gained ground, with Nvidia (NVDA) advancing more than +6% and Intel (INTC) rising over +5% to lead gainers in the Dow. In addition, Dell Technologies (DELL) climbed more than +4% after Barclays upgraded the stock to Equal Weight from Underweight. On the bearish side, Chipotle Mexican Grill (CMG) slumped over -7% and was the top percentage loser on the S&P 500 after CEO Brian Niccol departed the company to take up the role of CEO at Starbucks.
