December S&P 500 E-Mini futures (ESZ24) are trending down -0.09% this morning as investors held back from making big bets ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s interest rate path.
In yesterday’s trading session, Wall Street’s three main equity benchmarks ended lower. Mosaic (MOS) slumped over -7% and was the top percentage loser on the S&P 500 after the company reported weaker-than-expected Q3 results. Also, homebuilder stocks lost ground after the benchmark 10-year Treasury yield jumped, with Lennar (LEN) and D.R. Horton (DHI) falling more than -3%. In addition, Novavax (NVAX) slid over -6% after cutting its full-year revenue guidance. On the bullish side, Tyson Foods (TSN) climbed more than +6% and was the top percentage gainer on the S&P 500 after the food giant reported stronger-than-expected FQ4 results. Also, Honeywell International (HON) rose over +3% and was the top percentage gainer on the Dow after activist investor Elliott Investment Management built a stake of more than $5 billion and called for a breakup of the industrial giant.
