September S&P 500 E-Mini futures (ESU25) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.15% this morning as investors refrain from making any big bets ahead of key U.S. inflation data that is expected to shape expectations for the Federal Reserve’s interest rate path this year.
In yesterday’s trading session, Wall Street’s major indices ended mixed, with the S&P 500 notching a new record high. Oracle (ORCL) jumped over +35% and was the top percentage gainer on the S&P 500 after the enterprise software giant gave an aggressive forecast for its cloud business. Also, stocks tied to AI computing infrastructure soared on Oracle’s upbeat outlook, with CoreWeave (CRWV) surging more than +16% and Broadcom (AVGO) climbing over +9% to lead gainers in the Nasdaq 100. In addition, GameStop (GME) rose over +3% after the videogame retailer reported stronger-than-expected Q2 results. On the bearish side, Synopsys (SNPS) plummeted more than -35% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the chip design software company reported downbeat FQ3 results and issued below-consensus FQ4 guidance.
