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Barchart
Barchart
Oleksandr Pylypenko

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

June S&P 500 E-Mini futures (ESM24) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.11% this morning as market participants digested remarks from a Federal Reserve official and geared up for a flurry of U.S. economic data.

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.

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