At 5:06 a.m. ET, Dow e-minis were up 108 points, or 0.27%, S&P 500 e-minis were up 4.5 points, or 0.08%, and Nasdaq 100 e-minis were up 6.25 points, or 0.03%...
- U.S. index futures were muted on Thursday, a day after a crushing selloff in megacap tech stocks steered the S&P 500 and Nasdaq to their biggest drop since 2022, with investors also bracing for a bevy of earnings and economic data.
The trend in the megacaps was largely mixed in Thursday's premarket trading. Apple, Nvidia, Tesla and Alphabet were down 0.5%-0.9%, while Amazon.com and Meta Platforms rose over 0.1% each.The heavyweight stocks have powered the stock market to all-time highs this year and Wednesday's selloff, following the first round of quarterly tech earnings, highlighted concerns that these stocks might be over-stretched and in for more turbulence.
The personal consumption expenditures price index data, due on Friday, will be a crucial test for ongoing bets of an early start to Federal Reserve rate cuts after the recent trend of easing inflation and some weakness in the labor market. KLA rose 3% after forecasting revenue and profit for its fiscal first quarter above expectations, while Edwards Lifesciences slumped 22% after missing second-quarter revenue estimates.Elis announces the availability of its 2024 half-year financial report
Global Connected Truck Telematics Outlook 2024: Empowering Connectivity and Maximizing Vehicle Uptime are Top Fleet Priorities as Efforts to Future-proof Transportation Intensify Revised proposal undervalues Ducommun’s mid- and long-term growth initiatives and does not fully reflect the Company’s strong record of performance.Ducommun’s Board and Management remain focused on successfully delivering our Vision 2027 Strategy.
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