December S&P 500 E-Mini futures (ESZ24) are trending up +0.10% this morning as investors awaited the all-important U.S. inflation report for clues on whether the Federal Reserve will lower or hold interest rates next week.
In yesterday’s trading session, Wall Street’s main stock indexes closed in the red. MongoDB (MDB) tumbled over -16% and was the top percentage loser on the Nasdaq 100 after the company announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, would step down on January 31st. Also, Moderna (MRNA) slumped more than -9% and was the top percentage loser on the S&P 500 after BofA reinstated coverage of the stock with an Underperform rating. In addition, Oracle (ORCL) slid over -6% after the IT giant reported weaker-than-expected FQ2 results. On the bullish side, Walgreens Boots Alliance (WBA) soared more than +17% and was the top percentage gainer on the S&P 500 after the Wall Street Journal reported that the drugstore chain was in talks to sell itself to private equity firm Sycamore Partners. Also, Alphabet (GOOGL) climbed over +5% and was the top percentage gainer on the Nasdaq 100 after the tech titan discussed breakthroughs made through the use of its new Willow quantum computing chip.
