December S&P 500 futures (ESZ23) are trending up +0.25% this morning as the latest U.S. employment data fueled bets that the Federal Reserve will cut interest rates as soon as March, with investors’ focus now turning to the ADP National Employment numbers due later in the day.
In Tuesday’s trading session, Wall Street’s major indexes ended mixed. Gitlab Inc (GTLB) soared over +11% after the company reported better-than-expected Q3 results and lifted its FY24 forecast. Also, CVS Health Corp (CVS) climbed more than +3% after the healthcare conglomerate issued above-consensus FY24 revenue guidance and announced a new drug pricing method. On the bearish side, Charter Communications Inc (CHTR) fell over -8% after CFO Jessica Fischer cautioned about short-term challenges for the company. In addition, Designer Brands Inc (DBI) plummeted more than -33% after the footwear retailer posted downbeat Q3 results and lowered its full-year guidance.
