The S&P 500 futures are 0.1% above fair value; the Nasdaq 100 futures are 0.1% below fair value; and the DJIA futures are 0.1% above fair value
Key factors driving the futures market:
Tesla (TSLA) up 3.0% after UBS upgrades to Buy from Neutral and sets $1100 price target
ECB leaves rates unchanged today, but says it intends to raise by 25 basis points at July meeting and to end its net asset purchase program on July 1; also raised its inflation projections
Report that southwest neighborhood in Shanghai has been locked down for COVID testing
Indecision ahead of Friday’s CPI report
Chinese regulators deny report that they are considering moving forward with Ant Group IPO
Biden Administration proposes new standards for 500,000 EV charging stations across the country by 2030
EU votes to ban sale of new gas and diesel-powered cars and vans from 2035
Five Below (FIVE) sinks 7.7% after beating Q1 EPS estimate but issuing EPS and revenue warnings for Q2 and FY23
Signet Jewelers (SIG) jumps 8.2% after easily topping Q1 estimates and issuing FY23 guidance above current consensus estimate
Target (TGT) announces 20% increase in quarterly dividend to $1.08 per share; TGT up 0.7%