September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.09% this morning as market participants digested the latest economic data from China while looking ahead to a busy week of corporate earnings.
In Friday’s trading session, Wall Street’s major indexes ended mixed. State Street Corp (STT) tumbled over -12% after the company reported weaker-than-expected Q2 revenue as net interest income dropped during the quarter. Also, Citigroup Inc (C) slid about -4% after the big bank posted a slight miss on Q2 profit amid weakness in its investment banking business. In addition, energy stocks retreated as the price of WTI crude dropped more than -2%, with APA Corporation (APA) plunging more than -5% and Devon Energy Corporation (DVN) falling over -4%. On the bullish side, UnitedHealth Group Incorporated (UNH) climbed more than +7% and was the top percentage gainer on the benchmark S&P 500 after the managed care company reported upbeat Q2 results.
