December S&P 500 E-Mini futures (ESZ24) are down -0.20%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.21% this morning as investors assessed the potential policy impact of Donald Trump’s cabinet selections, while also awaiting comments from Federal Reserve officials, the next round of quarterly results, as well as Wednesday’s release of a key U.S. inflation report.
In yesterday’s trading session, Wall Street’s main stock indexes closed higher. Bristol Myers Squibb (BMY) climbed over +10% and was the top percentage gainer on the S&P 500 after rival AbbVie plummeted on news that its two mid-stage trials of a schizophrenia drug failed to meet their primary endpoints. Also, Tesla (TSLA) advanced more than +8% and was the top percentage gainer on the Nasdaq 100, building on last week’s +26% surge amid expectations that the incoming Trump administration will support the company. In addition, Salesforce (CRM) rose over +6% and was the top percentage gainer on the Dow after CEO Marc Benioff announced the company would hire 1,000 workers to capitalize on the “amazing momentum” for its AI product. On the bearish side, Monolithic Power Systems (MPWR) tumbled about -15% and was the top percentage loser on the S&P 500 after Edgewater said the company’s Blackwell allocation was at risk.
