December S&P 500 futures (ESZ23) are up +0.16%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.32% this morning as market participants geared up for a key U.S. consumer inflation report that could provide additional insight into the Federal Reserve’s monetary policy outlook.
In Monday’s trading session, the blue-chip Dow outperformed major benchmarks, underpinned by an over +4% gain in Boeing Co (BA), driven by a $52 billion deal with Emirates and news that China is considering an end to a freeze on purchases of Boeing aircraft. Also, Monday.Com Ltd (MNDY) climbed more than +10% after the company reported upbeat Q3 results and raised its full-year revenue outlook. In addition, CrowdStrike Holdings Inc (CRWD) rose over +2% after Stifel upgraded the stock to Buy from Hold with a price target of $225. On the bearish side, Tyson Foods Inc (TSN) fell more than -2% after the meat processing company posted mixed Q4 results and said it expects 2024 revenue to be relatively flat compared to 2023.
