December S&P 500 E-Mini futures (ESZ24) are trending down -0.04% this morning as investors braced for the release of the Federal Reserve’s first-line inflation gauge, which will offer further insights into the trajectory of U.S. interest rates.
In yesterday’s trading session, Wall Street’s major indexes ended in the green. Micron Technology (MU) surged over +14% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the memory chipmaker posted upbeat Q4 results and provided a strong Q1 revenue forecast. Also, Southwest Airlines (LUV) climbed more than +5% after the carrier lifted its Q3 revenue-per-capacity guidance and unveiled a new $2.5 billion stock buyback program. In addition, Accenture (ACN) gained over +5% after the company reported better-than-expected Q4 results and issued above-consensus Q1 revenue guidance. On the bearish side, Super Micro Computer (SMCI) tumbled over -12% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the Wall Street Journal reported the U.S. Justice Department is investigating the company.
