June S&P 500 futures (ESM23) are down -0.21%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.18% this morning as market participants geared up for earnings results from some of the biggest tech heavyweights as well as U.S. economic data that could shed more light on the future path of interest rates.
In Friday’s trading session, Wall Street’s main indexes closed slightly higher as mixed quarterly results continued to weigh on investor sentiment. W. R. Berkley Corp (WRB) plunged over -9% after the insurer reported weaker-than-expected Q1 adjusted earnings. Also, Schlumberger NV (SLB) slid more than -4% after the oil field services company’s Q1 cash flow from operations fell short of estimates. In addition, Regions Financial Corporation (RF) dropped over -2% after the bank reported downbeat Q1 results and trimmed its outlook for 2023 net interest income growth. On the positive side, Procter & Gamble Company (PG) soared more than +3% after reporting stronger-than-expected Q3 results and lifting its FY23 sales growth outlook. Also, HCA Holdings Inc (HCA) climbed over +3% after the company reported upbeat Q1 results and raised its FY23 outlook.
