December S&P 500 E-Mini futures (ESZ25) are trending down -0.12% this morning as investors brace for a flood of U.S. economic data, with particular attention on the retail sales report and producer inflation figures, to assess whether optimism about a potential Federal Reserve rate cut in December can hold up.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the green. The Magnificent Seven stocks advanced, with Tesla (TSLA) and Alphabet (GOOGL) climbing over +6%. Also, semiconductor stocks rallied, with Broadcom (AVGO) surging more than +11% to lead gainers in the S&P 500 and Nasdaq 100, and Micron Technology (MU) rising about +8%. In addition, Inspire Medical Systems (INSP) jumped more than +30% after Stifel and Nephron Research upgraded the stock to Buy from Hold. On the bearish side, Frontline Plc (FRO) slid over -3% after Clarksons Securities downgraded the stock to Neutral from Buy.
