December S&P 500 E-Mini futures (ESZ24) are trending up +0.24% this morning as investors awaited a fresh batch of U.S. economic data and remarks from Federal Reserve Chair Jerome Powell.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the tech-heavy Nasdaq 100 notching a new all-time high. Palantir Technologies (PLTR) climbed over +6% and was the top percentage gainer on the S&P 500 after announcing it was granted FedRAMP High Authorization for two of its cloud-based services. Also, AT&T (T) advanced more than +4% after unveiling its three-year strategy. In addition, Credo Technology (CRDO) jumped over +47% after the technology company posted upbeat FQ2 results and issued strong FQ3 revenue guidance. On the bearish side, Microchip Technology (MCHP) slumped -7% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the company lowered its FQ3 revenue forecast and said it would close a plant in Arizona. Also, Zscaler (ZS) slid more than -4% after the cloud-based cybersecurity platform provided a soft FQ2 forecast.
