March S&P 500 E-Mini futures (ESH24) are down -0.18%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.15% this morning as investors refrained from making big bets ahead of the release of the Fed’s preferred inflation gauge.
In Wednesday’s trading session, Wall Street’s major averages ended in the red. Viatris Inc (VTRS) plunged over -7% and was the top percentage loser on the S&P 500 after reporting weaker-than-expected Q4 results. Also, UnitedHealth Group Incorporated (UNH) slid nearly -3% and was the top percentage loser on the Dow following a report from the Wall Street Journal that the U.S. Department of Justice launched an antitrust investigation into the company. In addition, Applied Materials Inc (AMAT) fell over -2% after the company disclosed in a filing that it had received multiple subpoenas from U.S. government agencies requesting information about its shipments to certain Chinese customers. On the bullish side, Axon Enterprise Inc (AXON) climbed more than +13% and was the top percentage gainer on the S&P 500 after reporting upbeat Q4 results. Also, eBay Inc (EBAY) gained over +7% after the e-commerce firm posted better-than-expected Q4 results, offered positive Q1 guidance, and authorized an additional $2 billion stock repurchase program.
