Futures Modestly Higher, S&P 500 Futures Up 0.42%
Futures are modestly higher this morning in possible continued reaction to yesterday's upbeat employment figures showing about 130,000 jobs added and a lower unemployment rate. Stock markets are trading with a generally constructive tone as investors brace for other key economic data later this week, though yesterday's strong labor data pushed Treasury yields upward as markets scaled back immediate rate-cut bets.In pre-market trading, S&P 500 futures rose 0.42%, Nasdaq futures rose 0.52% and Dow futures rose 0.36%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Fastlyup 42%Crocsup 13%Howmet Aerospaceup 4%Zoetisup 3%AB InBevup 3%US Foodsup 1%DOWN AFTER EARNINGS -Baxterdown 12%Ciscodown 6%TripAdvisordown 3%Restaurant Brandsdown 2%Hyattdown 1%
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- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which is typically more volatile.
- Delta Air Lines Performance: Delta Air Lines shares are down only 3% for the year, outperforming the S&P 500 despite industry challenges.
- Jet Fuel Price Impact: The airline is facing a significant 62% increase in jet fuel prices since February, which typically affects profitability.
- Industry Profit Estimates: There has been a general reduction in profit estimates across the airline industry, yet Delta's stock remains relatively stable.
- Unusual Market Behavior: The current performance of Delta's stock is noted as unusual for the airline industry, which often experiences more volatility.

- Physical Goods Surge: Companies producing physical goods are experiencing significant growth this year.
- AI-Disruptible Services Lag: In contrast, shares of service and software providers that are vulnerable to AI disruption are not performing as well.

- Physical Goods Surge: This year has seen a significant increase in the production and sales of physical goods.
- AI-Disruptible Services Lag: Companies focused on AI-disruptible services and software are not keeping pace with those producing tangible products.
- Strong Sector Performance: In 2026, industrials have emerged as a star in the stock market, with the State Street Industrial Select Sector SPDR ETF (XLI) rallying over 5% year-to-date, showcasing robust market demand among the S&P 500 sectors.
- Significant Stock Gains: Among the top 20 stocks by market cap, 14 have risen this year, with GE Vernova up 37%, Caterpillar up 25%, and Lockheed Martin up 26%, reflecting a strong recovery in the sector and increased investor confidence.
- Market Challenges Intensify: Despite the strong performance of industrials, the S&P 500 index has declined nearly 4% due to geopolitical risks and ongoing concerns in artificial intelligence and private credit, highlighting the complexity and uncertainty of the market environment.
- Cautious Future Growth: Trivariate Research notes that industrials are trading at a forward price-to-earnings ratio of about 24, indicating high valuations, and future earnings revisions are necessary to sustain current performance, adding to investor scrutiny and challenges.
- Inflow Growth: The TRUC ETF added 40,000 units, marking a 40.0% increase in outstanding units, indicating strong investor interest and potentially reflecting market optimism towards the underlying assets.
- Positive Market Reaction: This significant inflow increase may attract more investor attention to the TRUC ETF, further enhancing its market performance and liquidity, thereby increasing its appeal in investment portfolios.
- Enhanced ETF Competitiveness: With the rise in inflows, the TRUC ETF's competitiveness among peers is expected to improve, potentially leading to lower management fees and providing investors with more attractive investment options.
- Increased Investor Confidence: The inflow increase not only reflects market confidence in the TRUC ETF but may also encourage other investors to reassess their investment strategies, further driving overall growth in the ETF market.









