December S&P 500 E-Mini futures (ESZ24) are trending down -0.03% this morning as investors looked ahead to quarterly reports from more big banks while also awaiting remarks from Federal Reserve officials.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the green, with the benchmark S&P 500 and blue-chip Dow notching new all-time highs and the tech-heavy Nasdaq 100 posting a 2-3/4 month high. Vistra Corp. (VST) climbed over +5% and was the top percentage gainer on the S&P 500 after Exane BNP Paribas initiated coverage of the stock with an Outperform rating and a price target of $231. Also, chip stocks gained ground, with Arm (ARM) rising more than +6% to lead gainers in the Nasdaq 100 and Marvell Technology (MRVL) advancing nearly +5%. In addition, Apple (AAPL) rose over +1% and was the top percentage gainer on the Dow after Evercore ISI added the stock to its “Tactical Outperform” list ahead of earnings. On the bearish side, Caterpillar (CAT) fell more than -2% and was the top percentage loser on the Dow after Morgan Stanley downgraded the stock to Underweight from Equal Weight with a price target of $332.
