December S&P 500 futures (ESZ23) are trending up +0.50% this morning as market participants geared up for a slew of U.S. economic data while also awaiting earnings results from notable cloud sector players Salesforce and Snowflake.
In Tuesday’s trading session, Wall Street’s major indexes closed in the green. PDD Holdings Inc (PDD) surged over +18% after the company reported upbeat Q3 results. Also, Boeing Co (BA) gained more than +1% after RBC Capital Markets upgraded the stock to Outperform from Sector Perform with a price target of $275. On the bearish side, Micron Technology Inc (MU) fell over -1% after the largest U.S. maker of computer memory semiconductors increased its Q1 adjusted operating expenses outlook. In addition, Morgan Stanley (MS) dropped more than -1% after Societe Generale downgraded the stock to Hold from Buy.
