September S&P 500 E-Mini futures (ESU24) are down -0.46%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.69% this morning as trading resumed after the Labor Day holiday, with investors looking ahead to a new batch of U.S. labor market data, particularly Friday’s nonfarm payrolls report.
In Friday’s trading session, Wall Street’s major averages ended in the green, with the blue-chip Dow notching a new all-time high. Intel (INTC) climbed over +9% and was the top percentage gainer on the S&P 500 and Dow after Bloomberg News reported the company was considering various scenarios, including a split of its product design and manufacturing businesses. Also, MongoDB (MDB) soared more than +18% and was the top percentage gainer on the Nasdaq 100 after the company reported stronger-than-expected Q2 results and raised its FY25 guidance. In addition, Marvell Technology (MRVL) advanced over +9% after the semiconductor infrastructure company reported upbeat Q2 results and provided above-consensus Q3 revenue guidance. On the bearish side, Ulta Beauty (ULTA) fell about -4% and was the top percentage loser on the S&P 500 after reporting weaker-than-expected Q2 results and cutting its FY24 forecast.
