Stocks Tread Water as Investors Brace for U.S. Economic Data

The S&P 500 Index ($SPX) (SPY) is up +0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.13%. 

In yesterday’s trading session, Wall Street’s major indexes ended higher. Cintas (CTAS) climbed over +8% and was the top percentage gainer on the Nasdaq 100 after the uniform rental firm reported upbeat Q3 results and raised its FY24 guidance. Also, Merck & Company (MRK) advanced more than +4% and was the top percentage gainer on the Dow after the U.S. Food and Drug Administration approved its pulmonary arterial hypertension drug Winrevair. In addition, nCino (NCNO) surged over +18% after reporting stronger-than-expected Q4 adjusted EPS and offering solid FY25 adjusted EPS guidance. On the bearish side, GameStop Corp (GME) plunged more than -15% after the videogame retailer reported weaker-than-expected Q4 results.