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Barchart
Barchart
Oleksandr Pylypenko

Stocks Muted Before the Open as Investors Await U.S. Economic Data, ECB Decision in Focus

June S&P 500 E-Mini futures (ESM24) are down -0.02%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.07% this morning as market participants geared up for a new round of U.S. economic data while also awaiting the European Central Bank’s key interest rate decision.

In yesterday’s trading session, Wall Street’s major indices ended higher, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching new all-time highs and the blue-chip Dow rising to a 1-week high. Hewlett Packard Enterprise (HPE) climbed over +10% and was the top percentage gainer on the S&P 500 after the company posted upbeat Q2 results and raised its full-year revenue outlook. Also, CrowdStrike Holdings (CRWD) surged about +12% and was the top percentage gainer on the Nasdaq 100 after the cybersecurity software company reported better-than-expected Q1 results and lifted its FY25 adjusted EPS guidance. In addition, ASML Holding NV (ASML) gained over +9% after announcing it will ship its latest chipmaking machine to Taiwan Semiconductor Manufacturing Co. and Intel by the end of this year. On the bearish side, Dollar Tree (DLTR) slumped more than -4% and was the top percentage loser on the Nasdaq 100 after the discount retailer said it was exploring options for its struggling Family Dollar business, including a potential sale or spinoff.

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