March S&P 500 E-Mini futures (ESH24) are down -0.05%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.07% this morning as market participants looked ahead to remarks from a host of Federal Reserve officials and the release of the Fed’s favorite inflation gauge later in the week.
In Friday’s trading session, Wall Street’s major averages closed mixed. Carvana Co (CVNA) soared over +32% after the used car company reported better-than-expected Q4 gross profit and said it anticipates Q1 adjusted EBITDA to be “significantly” above $100M. Also, Block Inc (SQ) climbed more than +16% after the company raised its FY24 adjusted EBITDA forecast. On the bearish side, Booking Holdings Inc (BKNG) slumped over -10% and was the top percentage loser on the S&P 500 after giving a weaker-than-expected full-year gross bookings forecast. In addition, Warner Bros Discovery Inc (WBD) plunged more than -9% after the media conglomerate posted downbeat Q4 results.
