Monday, May 20, 2024

U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after the major benchmark indices posted a negative session amid consolidation after JOLTs job openings data fell to a 2-year low. By 6:55pm ET (10:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% higher. In extended deals, SMART Global Holdings, Inc. (NASDAQ:SGH) fell 4% after reporting Q2 EPS of $0.76 versus $0.60 expected on revenues of $429 million versus $435 million expected. Ahead in Wednesday’s trade, investors will be focused on ADP nonfarm employment data, trade balance, as well as the ISM and Markit Services PMIs. During Tuesday’s regular session the Dow Jones Industrial Average snapped 4 session of gain, falling 198.8 points or 0.6% to 33,402.4, the S&P 500 lost 23.9 points or 0.6% to 4,100.3 and the NASDAQ Composite dipped 63.1 or 0.5% to 12,126.3.

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