June S&P 500 E-Mini futures (ESM24) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.17% this morning as investors looked ahead to a new round of U.S. economic data, remarks from Fed officials, and an earnings report from retail giant Walmart.
In yesterday’s trading session, Wall Street’s major averages ended higher, with the benchmark S&P 500, blue-chip Dow, and tech-heavy Nasdaq 100 notching all-time highs. Dell Technologies (DELL) climbed over +11% after Morgan Stanley raised its price target on the stock to $152 from $128. Also, chip stocks gained ground, with Advanced Micro Devices (AMD) and Broadcom (AVGO) advancing more than +4%. In addition, Monday.com (MNDY) surged over +21% after the company reported upbeat Q1 results and raised its full-year guidance for revenue and adjusted operating profit. On the bearish side, Walt Disney (DIS) fell more than -2% and was the top percentage loser on the Dow after CEO Iger remarked that marketing expenses at Disney+ are too high and the company is “dramatically” reducing content spending in linear television.
