December S&P 500 E-Mini futures (ESZ25) are trending up +0.02% this morning as investors gear up for the start of the Federal Reserve’s two-day policy meeting, while also awaiting the delayed reading on U.S. job openings.
In yesterday’s trading session, Wall Street’s main stock indexes closed lower. Marvell Technology (MRVL) slumped about -7% and was the top percentage loser on the Nasdaq 100 after Benchmark downgraded the stock to Hold from Buy and withdrew its price target. Also, Tesla (TSLA) slid more than -3% after Morgan Stanley downgraded the stock to Equal Weight from Overweight. In addition, CoreWeave (CRWV) fell over -2% after the cloud computing firm announced plans to offer $2 billion worth of convertible senior notes due 2031 in a private placement. On the bullish side, Paramount Skydance (PSKY) climbed more than +9% and was the top percentage gainer on the S&P 500 after the company launched a hostile takeover bid for Warner Bros. Discovery at $30 per share in cash.
