March S&P 500 E-Mini futures (ESH24) are up +0.17%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.22% this morning as investors looked ahead to further testimony from Federal Reserve Chair Jerome Powell as well as a policy verdict from the European Central Bank while also gearing up for a fresh batch of U.S. economic data.
In Wednesday’s trading session, Wall Street’s major averages ended higher. DexCom Inc (DXCM) climbed over +9% and was the top percentage gainer on the S&P 500 after the U.S. FDA approved the company’s Stelo Glucose Biosensor System, the first over-the-counter continuous glucose monitor. Also, CrowdStrike Holdings Inc (CRWD) advanced more than +10% and was the top percentage gainer on the Nasdaq 100 after the cybersecurity firm posted upbeat Q4 results and issued strong Q1 and FY25 guidance. In addition, Palantir Technologies Inc (PLTR) gained over +9% after being awarded a $178.4 million contract from the U.S. Army to develop 10 prototypes of TITAN, the next-generation deep-sensing capability platform. On the bearish side, Foot Locker Inc (FL) plummeted more than -29% after the sportswear retailer issued below-consensus FY24 EPS guidance. Also, Tesla (TSLA) fell over -2% after Morgan Stanley cut its price target on the stock to $320 from $345.
