March S&P 500 E-Mini futures (ESH24) are up +0.02%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.08% this morning in light trading on the final trading day of 2023.
In Thursday’s trading session, Wall Street’s major indexes closed mixed. Advanced Micro Devices Inc (AMD) climbed over +1% on optimism that the company’s new AI product line will boost profits in the upcoming year. Also, casino stocks gained ground after the Nevada Gaming Board reported a +22.6% y/y increase in November gambling revenue on the Las Vegas Strip to $821 million, with Caesars Entertainment Corporation (CZR) and Las Vegas Sands Corp (LVS) rising more than +1%. In addition, EchoStar Corporation (SATS) soared over +6% after being chosen for inclusion in the S&P SmallCap 600 index, effective before the opening of trading on January 2nd. On the bearish side, Tesla Inc (TSLA) fell more than -3% following a Reuters report stating that two U.S. senators are urging the company to recall cars with components experiencing frequent failures, which Tesla has previously attributed to customers and user errors.
