Stock index futures slip after record closes and mixed performances in Wall Street

From Nasdaq.: 2024-06-14 07:12:37

June S&P 500 E-Mini and Nasdaq 100 E-Mini futures are down this morning after record closes. Wall Street closed mixed with Broadcom surging +12% after posting upbeat results and Tesla climbing nearly +3%. Paramount Global slid over -6% and Dave & Buster’s Entertainment slumped over -10%. U.S. economic data showed softer producer prices and a rise in initial jobless claims.

U.S. rate futures imply a 12.4% chance of a rate cut in July and a 60.5% chance in September. Focus is on the U.S. Michigan Consumer Sentiment Index, forecast to be 72.1 in June. U.S. export and import price indexes for May will also be reported, with expectations for 0.0% changes.

Euro Stoxx 50 futures are down following political turmoil in France. Inflation in France was revised higher in May. ECB policymaker suggests possible rate cuts if inflation eases. French CPI and Eurozone Trade Balance data released today. Asian markets closed higher, with China’s Shanghai Composite Index up slightly and Japan’s Nikkei 225 also up.

China closes higher as investors await key economic data. Trade tensions continue with additional tariffs and investigations into imports. Japan’s Nikkei 225 closes higher after Bank of Japan delays bond purchase reduction. Industrial production in Japan was weaker than expected in April. Adobe climbs over +14% in pre-market trading after upbeat results. RH plunges over -11% after wider-than-expected Q1 loss. Twilio falls over -2% after downgrade. Vaxart surges about +27% after receiving a project award. Shopify gains over +3% after upgrade. Today’s U.S. earnings spotlight includes Anterix, Daktronics, and Allego US.



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