September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.15% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.
In yesterday’s trading session, Wall Street’s major indices ended in the green, with the benchmark S&P 500, blue-chip Dow, and tech-heavy Nasdaq 100 posting 1-1/2 week highs. Kellanova (K) climbed over +7% and was the top percentage gainer on the S&P 500 after Mars agreed to acquire the company for $83.50 a share in a deal valued at about $36 billion. Also, Cardinal Health (CAH) gained more than +3% after the company posted upbeat Q4 results and boosted its FY25 adjusted EPS guidance. In addition, Illumina (ILMN) rose over +2% after TD Cowen upgraded the stock to Buy from Hold with a price target of $144. On the bearish side, Alphabet (GOOGL) fell more than -2% after Bloomberg News reported that the U.S. Department of Justice is considering several options to break up Google following a landmark court ruling that the company monopolized the online search market.
