December Nasdaq 100 E-Mini futures (NQZ25) are trending up +0.44% this morning, signaling a modest rebound from a bruising stretch of losses, while investors look ahead to an earnings report from AI darling Nvidia.
In yesterday’s trading session, Wall Street’s major indexes ended in the red. Home Depot (HD) slid over -6% and was the top percentage loser on the S&P 500 and Dow after the world’s largest home-improvement retailer reported weaker-than-expected Q3 comparable sales and cut its full-year earnings guidance. Also, chip stocks slumped, with Marvell Technology (MRVL) and Micron Technology (MU) falling more than -5%. In addition, Amazon.com (AMZN) sank more than -4% after Rothschild & Co. Redburn downgraded the stock to Neutral from Buy. On the bullish side, Medtronic Plc (MDT) climbed over +4% and was the top percentage gainer on the S&P 500 after the medical device maker posted upbeat FQ2 results and raised its full-year guidance.
