June S&P 500 E-Mini futures (ESM24) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.27% this morning as investors awaited a new round of U.S. economic data, comments from Federal Reserve officials, as well as corporate earnings reports, with the spotlight on results from streaming giant Netflix.
In yesterday’s trading session, Wall Street’s major averages closed in the red, with the benchmark S&P 500 and tech-heavy Nasdaq 100 dropping to 1-3/4 month lows and the blue-chip Dow falling to a 2-3/4 month low. JB Hunt Transport Services (JBHT) plunged over -8% and was the top percentage loser on the S&P 500 after the trucking company reported weaker-than-expected Q1 results. Also, Travelers Cos (TRV) slumped more than -7% and was the top percentage loser on the Dow after the insurer missed quarterly profit estimates. In addition, U.S. Bancorp (USB) slid over -3% after cutting its full-year net interest income guidance. On the bullish side, United Airlines (UAL) surged more than +17% and was the top percentage gainer on the S&P 500 after the U.S. airline posted better-than-feared Q1 results and provided above-consensus Q2 adjusted EPS guidance.
