June S&P 500 E-Mini futures (ESM24) are down -0.09%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.04% this morning as U.S. Treasury yields continued to rise, with investors looking ahead to the release of U.S. inflation data as well as the Federal Reserve’s policy meeting later in the week.
In Friday’s trading session, Wall Street’s major averages closed in the red. DocuSign (DOCU) fell over -4% after the e-signature company provided a weaker-than-expected Q2 billings forecast. Also, Vail Resorts (MTN) slumped more than -10% after the company posted downbeat Q3 results and lowered its annual total reported EBITDA guidance. In addition, Biomea Fusion (BMEA) plummeted over -63% after announcing that the FDA placed a clinical hold on its ongoing Phase I/II clinical trials of BMF-219 in type 1 and type 2 diabetes. On the bullish side, 3M Company (MMM) rose more than +2% and was the top percentage gainer on the Dow after Bank of America Global Research upgraded the stock to Buy from Neutral with a price target of $120.
