September S&P 500 E-Mini futures (ESU24) are up +0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.21% this morning as investors looked ahead to the release of U.S. inflation data, quarterly earnings reports from retail heavyweights, and remarks from Federal Reserve officials.
In Friday’s trading session, Wall Street’s major averages closed higher. Akamai Technologies (AKAM) climbed over +10% and was the top percentage gainer on the S&P 500 after the company posted upbeat Q2 results. Also, Trade Desk (TTD) surged more than +12% and was the top percentage gainer on the Nasdaq 100 after the company reported strong Q2 results and provided above-consensus Q3 revenue and adjusted EBITDA guidance. In addition, Expedia (EXPE) gained over +10% after the online travel company reported better-than-expected Q2 results. On the bearish side, Insulet (PODD) slumped more than -8% and was the top percentage loser on the S&P 500 after reporting weaker-than-expected Q2 adjusted EPS. Also, Intel (INTC) slid over -3% and was the top percentage loser on the Dow and Nasdaq 100 after Moody’s Ratings downgraded Intel’s senior unsecured debt rating to Baa1 from A3 and revised its outlook to negative from stable.
