U.S. futures are trading slightly lower this morning amid weaker sentiment in Europe, though Asian markets saw gains as expectations for a Federal Reserve rate hike continue to ease.
Stocks to Watch: * AppLovin Corporation shares surged after the company reported earnings and revenue that beat expectations. * NIKE, Inc. shares fell after its quarterly revenues missed analyst estimates. * General Motors Company is in focus after abandoning its 2025 electric vehicle production goal. * McCormick & Company, Incorporated is scheduled to report its quarterly earnings before the market opens today.
Looking ahead, the market will be closely monitoring the Services PMI report at 10:00 AM, as the results will likely influence the Federal Reserve's upcoming interest rate decisions.