March S&P 500 E-Mini futures (ESH24) are down -0.34%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.56% this morning as trading resumed after the Presidents’ Day holiday, with investors looking ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings from semiconductor stalwart Nvidia later in the week.
In Friday’s trading session, Wall Street’s major averages ended lower. Roku Inc (ROKU) slumped over -23% after the streaming service provider offered weaker-than-expected Q1 gross profit and adjusted EBITDA guidance. Also, DoorDash Inc (DASH) slid more than -8% and was the top percentage loser on the Nasdaq 100 after the food delivery company reported mixed Q4 results and gave a weak full-year marketplace gross order value forecast. In addition, Nike Inc (NKE) fell over -2% and was the top percentage loser on the Dow after Oppenheimer downgraded the stock to Perform from Outperform. On the bullish side, Applied Materials Inc (AMAT) gained over +6% and was the top percentage gainer on the S&P 500 after the semiconductor equipment supplier posted upbeat Q1 results and provided strong Q2 guidance.
