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Barchart
Barchart
Oleksandr Pylypenko

S&P Futures Tick Lower Ahead of U.S. PMI Data

December S&P 500 E-Mini futures (ESZ24) are trending down -0.24% this morning as weak Eurozone PMI data cast doubt on the health of the global economy, while investors braced for U.S. business activity data.

In yesterday’s trading session, Wall Street’s three main equity benchmarks closed in the green. Snowflake (SNOW) jumped over +32% after the cloud data storage and analytics company posted upbeat Q3 results and raised its full-year product revenue guidance. Also, Super Micro Computer (SMCI) surged more than +15% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the server maker submitted a compliance plan to Nasdaq and said it could regain compliance within an extension period to file its 10-K annual report. In addition, Deere (DE) climbed over +8% after the maker of agricultural and construction equipment reported better-than-expected FQ4 results. On the bearish side, Alphabet (GOOGL) slid more than -4% and was the top percentage loser on the S&P 500 after the Justice Department argued to a judge that Google must divest its Chrome browser and implement other measures to end its monopoly on online search.

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