September S&P 500 futures (ESU23) are up +0.24%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.32% this morning as investors looked ahead to the Federal Reserve’s interest rate decision while also gearing up for earnings results from some of the biggest tech heavyweights.
In Friday’s trading session, Wall Street’s major averages closed mixed, with the tech-heavy Nasdaq 100 dropping to a 1-week low. American Express Company (AXP) fell over -3% after the credit card giant reported mixed Q2 results. Also, Interpublic Group of Companies Inc (IPG) plunged more than -13% and was the top percentage loser on the benchmark S&P 500 after the advertising giant posted mixed Q2 results and cut its FY23 organic growth forecast. In addition, Schlumberger NV (SLB) dropped over -2% after the top oilfield services firm reported weaker-than-expected Q2 revenue. On the positive side, Autoliv Inc (ALV) surged over +10% after the company posted upbeat Q2 results and reaffirmed its FY23 outlook.
