March S&P 500 E-Mini futures (ESH25) are up +0.26%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.30% this morning, pointing to a positive start on Wall Street in the final trading session of 2024.
In yesterday’s trading session, Wall Street’s main stock indexes ended lower, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 falling to 1-week lows. Mega-cap technology stocks retreated, with Tesla (TSLA) dropping over -3% and Meta Platforms (META) sliding more than -1%. Also, chip stocks came under pressure, with Micron Technology (MU) and On Semiconductor (ON) slumping over -3%. In addition, MicroStrategy (MSTR) plunged more than -8% and was the top percentage loser on the Nasdaq 100 after the company disclosed that it had bought 2,138 bitcoins for $209 million in the past week. On the bullish side, American Airlines (AAL) rose over +1% after Raymond James upgraded the stock to Outperform from Market Perform with a $24 price target.
