December S&P 500 futures (ESZ23) are trending up +0.06% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney.
In Tuesday’s trading session, the benchmark S&P 500 posted a 3-week high, and the blue-chip Dow and tech-heavy Nasdaq 100 notched 1-1/2 month highs. Datadog Inc (DDOG) surged over +28% and was the top percentage gainer on the Nasdaq 100 after the company reported upbeat Q3 results and raised its full-year revenue guidance. Also, megacap growth stocks gained ground, with Meta Platforms Inc (META), Apple Inc (AAPL), and Microsoft Corporation (MSFT) rising about +1%. In addition, Gen Digital Inc (GEN) climbed over +8% after the cybersecurity company posted record quarterly sales and experienced a sequential growth in its customers. On the bearish side, energy stocks retreated as the price of WTI crude dropped more than -4% to a 3-1/2 month low on mixed economic data from China.
