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Oleksandr Pylypenko

Nasdaq Futures Climb on Upbeat Amazon and Intel Results, U.S. Inflation Data Looms

Amazon CL Inflation United States US Federal Reserve Intel Corporation

December Nasdaq 100 E-Mini futures (NQZ23) are trending up +0.86% this morning as upbeat earnings results from Amazon and Intel boosted sentiment, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

Amazon.com (AMZN) climbed over +5% in pre-market trading after the retailing behemoth reported better-than-expected Q3 results. Also, Intel Corporation (INTC) soared more than +7% in pre-market trading after the semiconductor giant posted upbeat Q3 results and provided above-consensus Q4 guidance.

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