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Barchart
Oleksandr Pylypenko

S&P Futures Plunge as Middle East Fears Weigh on Sentiment, Tesla and Netflix Earnings on Tap

December S&P 500 futures (ESZ23) are trending down -0.45% this morning as uncertainties lingered in the Middle East, and investors weighed the possibility of further rate hikes by the Federal Reserve while eagerly awaiting earnings results from U.S. heavyweights Tesla and Netflix.

In Tuesday’s trading session, Wall Street’s major indexes closed mixed. NVIDIA Corporation (NVDA) slumped over -4% following the United States’ imposition of curbs on the sale of chips produced by the company to China. Also, Goldman Sachs Group Inc (GS) fell more than -1% after the big bank reported a 33% decline in profit for the third quarter. In addition, NetScout Systems Inc (NTCT) plunged over -16% after the company cut its FY24 guidance. On the bullish side, Bank of America Corp (BAC) rose more than +2% after reporting better-than-expected Q3 results. Also, Dollar Tree Inc (DLTR) climbed over +4% after Goldman Sachs upgraded the stock to Buy from Neutral.

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