Nasdaq futures down on Micron sales outlook, U.S. GDP data in focus.

From Nasdaq: 2024-06-27 07:33:20

September Nasdaq 100 E-Mini futures are down -0.23% due to Micron’s underwhelming sales forecast. Wall Street indexes closed positively, with FedEx and Apple gaining. Moderna faces -11% drop after vaccine efficacy data. U.S. economic data shows decline in new home sales. The Federal Reserve clears largest U.S. banks for higher shareholder payouts.

Fed Governor Bowman expects inflation to decline. Rate futures prices predict rate cuts in July and September. Presidential debate between Biden and Trump today. Nike, McCormick, and Walgreens to release earnings. U.S. GDP estimate for Q1 is +1.3% q/q. Pending Home Sales, Durable Goods Orders, and Jobless Claims data to be reported.

Euro Stoxx 50 up +0.08%, fueled by U.S. inflation data anticipation. European economic sentiment weakens. H&M shares fall over -12% amid profit forecast decline. Eurozone’s Business and Consumer Survey below expectations. Asian markets close in the red. China economic concerns as industrial profits slow. Japan’s retail sales rise, raising interest rate hike speculation.

Micron plummets -6% pre-market due to weak sales guidance. Levi Strauss drops over -14% on Q2 revenue miss. CASI Pharmaceuticals soars +41% on CEO proposal. U.S. Bancorp falls -2% after downgrade. International Paper tanks over -14% after Suzano announcement.



Read more at Nasdaq: Nasdaq Futures Fall as Micron’s Sales Outlook Disappoints, U.S. GDP Data and Nike Earnings in Focus