December S&P 500 E-Mini futures (ESZ24) are trending down -0.45% this morning as investors braced for the start of the Federal Reserve’s two-day policy meeting while also awaiting a new batch of U.S. economic data, with a particular focus on the retail sales report.
In yesterday’s trading session, Wall Street’s main stock indexes closed mixed, with the tech-heavy Nasdaq 100 notching a new all-time high and the blue-chip Dow posting a 3-week low. Broadcom (AVGO) climbed over +11% and was the top percentage gainer on the S&P 500 and Nasdaq 100, extending last Friday’s rally after it reported better-than-expected FQ4 adjusted EPS and provided upbeat FQ1 revenue guidance. Also, Tesla (TSLA) gained more than +6% after Wedbush Securities raised its price target on the stock to $515 from $400. In addition, Honeywell International (HON) rose over +3% and was the top percentage gainer on the Dow after saying it’s exploring a separation of its aerospace business. On the bearish side, Super Micro Computer (SMCI) slumped more than -8% and was the top percentage loser on the S&P 500 and Nasdaq 100 after Nasdaq announced that the stock would be removed from the tech-heavy index later this month.
