December S&P 500 E-Mini futures (ESZ24) are trending down -0.02% this morning, taking a breather after the benchmark index finished with its 41st record close this year, while investors looked ahead to remarks from a Federal Reserve official as well as an earnings report from semiconductor giant Micron.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the green, with the benchmark S&P 500 and blue-chip Dow notching new all-time highs and the tech-heavy Nasdaq 100 posting a 2-1/4 month high. Nvidia (NVDA) climbed about +4% following a report from Barron’s that the company’s chief executive officer, Jensen Huang, was done selling his shares. Also, stocks exposed to China surged after Beijing announced a slew of stimulus measures, with JD.com (JD) soaring more than +13% and PDD Holdings (PDD) advancing over +11% to lead gainers in the Nasdaq 100. In addition, Uber Technologies (UBER) rose more than +3% after Raymond James resumed coverage of the stock with a Strong Buy rating and a price target of $90. On the bearish side, Visa (V) slumped over -5% and was the top percentage loser on the Dow after the U.S. Justice Department filed a lawsuit against the company, alleging that it illegally monopolized the U.S. debit card market.
