December S&P 500 futures (ESZ23) are trending up +0.32% this morning as investors looked ahead to the release of the Federal Reserve’s September policy meeting minutes while also gearing up for crucial U.S. PPI data.
In Tuesday’s trading session, Wall Street’s major averages closed in the green, with the benchmark S&P 500 and tech-heavy Nasdaq 100 climbing to 2-1/2 week highs and the blue-chip Dow posting a 2-week high. Truist Financial Corp (TFC) soared over +6% and was the top percentage gainer on the S&P 500 after Semafor reported that the bank is in talks to sell its insurance brokerage unit to Stone Pont for about $10 billion. Also, Hyatt Hotels Corporation (H) gained about +6% after S&P Dow Jones Indices announced that the stock would replace National Instruments in the S&P MidCap 400 Index, effective Thursday. In addition, PepsiCo Inc (PEP) rose more than +1% after reporting better-than-expected Q3 organic sales and raising its annual profit forecast for a third time this year. On the bearish side, Juniper Networks Inc (JNPR) fell over -1% after JPMorgan Chase downgraded the stock to Neutral from Overweight.
