Stock Index Futures Gain at Quarter-End Ahead of JOLTS Data and Nike Earnings

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Summary · why it matters

U.S. stock index futures edged higher on Tuesday, putting major indexes on track for their strongest quarterly gains in years, as investors awaited the JOLTS job openings report and earnings from Nike. September S&P 500 E-Mini futures rose 0.10% and Nasdaq 100 E-Mini futures added 0.16%. Economists forecast May JOLTS job openings at 7.280 million, down from 7.618 million in April. The Conference Board's consumer confidence index for June is expected at 94.4, up from 93.1. Nike and Constellation Brands are set to report quarterly results. In pre-market trading, AeroVironment surged over 23% on strong results, while Concentrix tumbled more than 24% after cutting guidance. European markets hit a record high, with the Euro Stoxx 50 up 1.04%, as French and Italian inflation slowed more than expected. Asian stocks also closed higher, with Japan's Nikkei 225 up 0.86%, capping its strongest quarter since 1965.

Impact on assets 15

Artificial Intelligence▼ · 3 stocks
Concentrix Corporation
CNXC
▼ NegativeDemandrelevance

Concentrix tumbled more than 24% after cutting guidance, signaling weaker demand.

Semiconductors▲ · 3 stocks
Consumer Discretionary▲ · 2 stocks
Nike Inc
NKE
± Mixedrelevance

Nike is mentioned as set to report earnings, but no results or impact are discussed.

Defense & Geopolitical Fragmentation▲ · 1 stocks
AeroVironment Inc
AVAV
▲ PositiveDemandrelevance

AeroVironment surged over 23% on strong results, indicating strong demand for its products.

Consumer Staples▲ · 1 stocks
Materials▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Space Economy▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Information Technology▲ · 1 stocks