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Barchart
Barchart
Oleksandr Pylypenko

Stocks Muted Before the Open as Investors Await Key U.S. PPI Data and Corporate Earnings

March S&P 500 E-Mini futures (ESH25) are down -0.02%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.06% this morning as market participants awaited crucial producer inflation data and a new round of corporate earnings reports. 

In yesterday’s trading session, Wall Street’s major indexes ended mixed. Westinghouse Air Brake Technologies (WAB) slumped over -9% and was the top percentage loser on the S&P 500 after the company posted downbeat Q4 results and provided soft FY25 guidance. Also, Biogen (BIIB) fell more than -4% and was the top percentage loser on the Nasdaq 100 after the drug developer issued weaker-than-expected FY25 adjusted EPS guidance. In addition, Lyft (LYFT) slid over -7% after the ride-hailing company gave disappointing guidance for Q1 gross bookings. On the bullish side, CVS Health (CVS) surged nearly +15% and was the top percentage gainer on the S&P 500 after the healthcare conglomerate reported better-than-expected Q4 results.

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