June S&P 500 E-Mini futures (ESM24) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.26% this morning as market participants looked ahead to the release of U.S. inflation data, quarterly earnings reports from retail heavyweights, and a parade of Fed speakers.
In Friday’s trading session, Wall Street’s major averages closed mixed. Mettler-Toledo International (MTD) surged over +17% and was the top percentage gainer on the S&P 500 after the company reported upbeat Q1 results and raised its full-year adjusted EPS guidance. Also, McDonald’s (MCD) climbed more than +2% and was the top percentage gainer on the Dow following a report from Bloomberg suggesting that the fast-food chain is considering the launch of a $5 meal deal in the U.S. In addition, chip stocks gained ground, with Micron Technology (MU) advancing nearly +3% and Applied Materials (AMAT) rising over +1%. On the bearish side, Akamai Technologies (AKAM) slumped -11% and was the top percentage loser on the S&P 500 after the content delivery provider posted mixed Q1 results and offered below-consensus Q2 guidance.
