December S&P 500 E-Mini futures (ESZ24) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.27% this morning as investors braced for the closely contested U.S. presidential election, while also awaiting a new round of economic data and corporate earnings reports.
In yesterday’s trading session, Wall Street’s three main equity benchmarks ended lower. Constellation Energy (CEG) plunged over -12% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the Federal Energy Regulatory Commission rejected the proposal that would have increased the amount of power supplied to an Amazon.com data center. Also, megacap technology stocks lost ground, with Alphabet (GOOGL) and Meta Platforms (META) sliding more than -1%. In addition, Marriott International (MAR) fell over -1% after the hotel operator cut its full-year adjusted EPS guidance. On the bullish side, Fox Corp. (FOXA) gained more than +2% after the company posted better-than-expected FQ1 results.
