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Futures fell as AI leaders Micron, Sandisk and more keep sliding. Home Depot beat views while Google I/O kicks off.
June S&P 500 E-Mini futures (ESM26) are down -0.38%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.65% this morning, pressured by a retreat in technology stocks, while investors await signs of progress toward a peace deal in the Middle East.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. They are also bound to benefit from a friendlier regulatory environment with the Trump administration, and this excitement has led to a six-month gain of 17.5% for the sector - higher than the S&P 500’s 7.1% return.
Array Digital's Q1 revenues jump 93% on tower leasing growth, but earnings and revenues miss estimates as spectrum deals boost profitability.
IPG Photonics' Q1 revenues jump 16.5% as Industrial Solutions demand surges, but adjusted EPS slips and tariffs squeeze margins.