June S&P 500 E-Mini futures (ESM24) are trending up +0.35% this morning after three major U.S. benchmark indices ended the regular session lower, with investors awaiting the release of the Federal Reserve’s favorite inflation gauge and other economic data due later this week to assess the Fed’s policy path.
In yesterday’s trading session, United Parcel Service (UPS) plunged over -8% and was the top percentage loser on the S&P 500 as investors deemed its 2026 revenue target difficult to achieve. Also, International Paper (IP) slumped more than -6% after DS Smith confirmed it was in preliminary talks with the company regarding a potential takeover offer. In addition, Westport Fuel Systems (WPRT) fell over -5% after the company posted mixed Q4 results. On the bullish side, McCormick (MKC) surged more than +10% and was the top percentage gainer on the S&P 500 after the spice maker reported stronger-than-expected Q1 results. Also, Seagate Technology Holdings (STX) gained over +7% after Morgan Stanley upgraded the stock to Overweight from Equal Weight with a price target of $115.
