September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.35% this morning as subdued economic data from China weighed on sentiment, while investors looked ahead to a fresh batch of U.S. economic data and speeches from Fed officials.
In Friday’s trading session, Wall Street’s major averages ended mixed, with the benchmark S&P 500 rising to a 4-week high. Dell Technologies Inc (DELL) surged over +21% after the company reported stronger-than-expected Q2 results. Also, Lululemon Athletica Inc (LULU) rose about +6% after the yoga wear maker posted upbeat Q2 results and raised its FY23 net revenue guidance. On the bearish side, Tesla Inc (TSLA) plunged more than -5% after the EV maker cut the prices for its premium Model S and Model X in China and the U.S. In addition, Walt Disney Company (DIS) fell over -2% after several of its channels, including ESPN, became unavailable to Charter’s Spectrum cable service customers on Thursday due to a dispute over cable fees.
