September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.03% this morning as market participants geared up for U.S. weekly jobless claims data and the next round of quarterly results while also awaiting remarks from a Federal Reserve official.
In yesterday’s trading session, Wall Street’s major indices closed lower. Super Micro Computer (SMCI) tumbled over -20% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the artificial intelligence server company reported weaker-than-expected Q4 adjusted EPS. Also, Airbnb (ABNB) plunged more than -13% after the company reported mixed Q2 results, issued below-consensus Q3 revenue guidance, and warned of slowing demand from U.S. vacationers. In addition, Charles River Laboratories (CRL) slumped over -12% after lowering its FY24 guidance. On the bullish side, Fortinet (FTNT) surged more than +25% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the cybersecurity firm posted upbeat Q2 results, offered solid Q3 guidance, and lifted its full-year revenue forecast. Also, Axon Enterprise (AXON) advanced over +18% after the company reported better-than-expected Q2 results and raised its FY24 revenue guidance.
