Outlook 05/09: U.S. stock futures are little changed on Thursday as a fresh economic data gave investors some hope of easier Federal Reserve policy later this year. That enthusiasm, however, was slightly dampened by a slate of disappointing earnings. Weekly jobless claims came in at the highest level since August, sending yields lower and raising expectations that central bankers might cut interest rates at some point this year. A fresh batch of quarterly earnings reports came out below expectations. Warner Bros slid 4.4% after reporting a miss on the top and bottom lines, while semiconductor company Arm lost more than 7.5% over lackluster revenue guidance. Airbnb pulled back more than 9% after a weak guidance overshadowed a first-quarter beat.
/ESM24 (JUN 2024): YVAH 5215 YPOC 5211 YVAL 5204 GAP 5208.50
/ES Plan: Yesterday market closed bullish (PBT 5234), but overnight looks neutral, moving within previous value, so these're the opening and initial balance options for today:
