December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.05% this morning as markets showed signs of calm ahead of the release of fresh labor market data.
In Monday’s trading session, the tech-heavy Nasdaq 100 outperformed major benchmarks, underpinned by an about +3% gain in NVIDIA Corporation (NVDA) after Goldman Sachs upgraded the stock to Conviction Buy from Buy. Mega-cap technology stocks also gained ground, with Meta Platforms Inc (META) and Alphabet Inc (GOOGL) rising more than +2%. In addition, Insulet Corporation (PODD) climbed over +3% after Jefferies upgraded the stock to Buy from Hold. On the bearish side, Kellogg Company (K) plunged about -6% and was among the top percentage losers on the benchmark S&P 500 after the company completed the separation of its North American cereal business into a new company called WK Kellogg and renamed itself Kellanova. In addition, Target Corporation (TGT) slid over -3% after Bank of America Global Research lowered its price target on the stock to $120 from $135.
