December S&P 500 futures (ESZ23) are trending up +0.43% this morning as dovish-leaning remarks from Fed officials and reports of a potential meeting between U.S. and Chinese leaders boosted sentiment while investors looked ahead to a reading on the Federal Reserve’s preferred inflation gauge.
In Thursday’s trading session, Wall Street’s major indexes closed in the green. Jabil Circuit Inc (JBL) surged over +18% after the U.S.-based manufacturing company posted better-than-expected Q4 earnings. Also, megacap growth stocks climbed, with Meta Platforms Inc (META) rising about +2% and Alphabet Inc (GOOGL) gaining more than +1%. In addition, Peloton Interactive Inc (PTON) soared over +5% after the company announced it had inked a five-year strategic global partnership with Lululemon Athletica. On the bearish side, CarMax Inc (KMX) plunged more than -13% and was the top percentage loser on the benchmark S&P 500 after the used-car retailer reported a weaker-than-expected quarterly profit. Also, Micron Technology Inc (MU) fell over -4% after the memory maker issued mixed Q1 guidance.
