June S&P 500 E-Mini futures (ESM24) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.08% this morning as market participants awaited the release of crucial U.S. non-farm payroll data for clues on the timing of Federal Reserve interest rate cuts.
In yesterday’s trading session, Wall Street’s major indexes closed mixed. Five Below (FIVE) slumped over -10% after the retailer posted downbeat Q1 results and cut its full-year guidance. Also, Sprinklr (CXM) tumbled more than -15% after the company lowered its FY25 revenue guidance. In addition, ZIM Integrated (ZIM) plummeted over -18% after Citigroup downgraded the stock to Sell from Neutral with a $13 price target. On the bullish side, Lululemon Athletica (LULU) gained over +4% after the athleisure clothing company reported upbeat Q1 results, boosted its full-year EPS guidance, and authorized a $1 billion increase in its stock repurchase program.
