December S&P 500 futures (ESZ23) are trending up +0.04% this morning as market participants looked ahead to a pivotal monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook.
In Thursday’s trading session, the tech-heavy Nasdaq 100 outperformed major benchmarks, underpinned by an over +9% surge in Advanced Micro Devices Inc (AMD) after the company unveiled its latest AI accelerator Instinct MI300X, and raised its expected 2027 AI Accelerator total addressable market to $400 billion from $150 billion. Also, Alphabet Inc (GOOGL) climbed more than +5% after Google released Gemini, the “largest and most-capable AI model” it has ever built. In addition, regional bank stocks gained ground, with Comerica Inc (CMA) and Zions Bancorporation (ZION) rising over +3%. On the bearish side, PayPal Holdings Inc (PYPL) fell more than -1% following Amazon’s announcement that it would stop accepting PayPal’s Venmo as a payment option starting January.
