September S&P 500 E-Mini futures (ESU24) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.27% this morning as investors braced for crucial U.S. producer inflation data while also awaiting the European Central Bank’s interest rate decision.
In yesterday’s trading session, Wall Street’s major indices closed in the green. Solar stocks soared after Wall Street largely declared Vice President Kamala Harris, who is viewed as a supporter of the energy transition, the winner of Tuesday night’s debate with former President Donald Trump, with First Solar (FSLR) surging over +15% to lead gainers in the S&P 500 and Enphase Energy (ENPH) rising more than +5%. Also, chip stocks gained ground, with Arm (ARM) climbing over +10% to lead gainers in the Nasdaq 100 and Nvidia (NVDA) advancing more than +8%. In addition, Albemarle (ALB) gained over +13% after a Reuters report indicated that Chinese battery producer CATL plans to cut lithium production levels. On the bearish side, GameStop (GME) tumbled about -12% after the videogame retailer reported weaker-than-expected Q2 revenue.
