March S&P 500 E-Mini futures (ESH24) are up +0.24%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.10% this morning as market participants looked ahead to the release of a fresh slew of U.S. housing market data and the Fed’s favorite inflation gauge later in the week.
In Friday’s trading session, Wall Street’s major averages closed mixed, with the blue-chip Dow notching a new record high and the tech-heavy Nasdaq 100 posting a 2-year high. Costco Wholesale Corp (COST) gained over +4% after the discount retailer topped Q1 profit estimates and announced a special cash dividend of $15 per share. Also, DocuSign Inc (DOCU) surged more than +12% following a report from the Wall Street Journal stating that the e-signature software company is working with advisors to explore a sale, potentially marking one of the largest leveraged buyouts in recent memory. On the bearish side, Exelon Corporation (EXC) fell over -6% and was the top percentage loser on the benchmark S&P 500 after Bank of America Global Research and Guggenheim Securities downgraded the stock to Neutral from Buy. In addition, Scholastic Corporation (SCHL) slid more than -11% after the company reported downbeat Q2 results and cut its full-year adjusted EBITDA forecast.
