December S&P 500 E-Mini futures (ESZ25) are trending up +0.16% this morning, extending their advance toward a new all-time high, while investors look ahead to the release of the Federal Reserve’s first-line inflation gauge.
In yesterday’s trading session, Wall Street’s major indices closed mixed. Chip stocks retreated, with Intel (INTC) sliding over -7% to lead losers in the S&P 500 and Nasdaq 100, and ON Semiconductor (ON) falling more than -4%. Also, Snowflake (SNOW) slumped over -11% as the cloud storage company’s Q4 product revenue guidance disappointed investors. In addition, Genesco (GCO) plummeted more than -30% after the company posted downbeat Q3 results and cut its full-year guidance. On the bullish side, Dollar General (DG) surged over +14% and was the top percentage gainer on the S&P 500 after the budget retailer posted better-than-expected Q3 results and raised its full-year guidance.
