December S&P 500 E-Mini futures (ESZ24) are up +0.03%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.04% this morning after three major U.S. benchmark indices finished the regular session lower as investors grew more cautious ahead of Wednesday’s release of a key U.S. inflation report.
In yesterday’s trading session, the benchmark S&P 500 and tech-heavy Nasdaq 100 retreated from record highs, while the blue-chip Dow dropped to a 1-1/2 week low. Omnicom Group (OMC) plunged over -10% and was the top percentage loser on the S&P 500 after agreeing to acquire Interpublic Group in a deal valued at $13.3 billion, excluding debt. Also, Comcast (CMCSA) slid more than -9% after the head of its cable business said the company expects a Q4 broadband subscriber loss of just over 100,000. In addition, Nvidia (NVDA) fell over -2% after China Central Television reported that the State Administration for Market Regulation had launched an investigation into the chipmaker over alleged violations of anti-monopoly laws. On the bullish side, Hershey (HSY) climbed more than +10% and was the top percentage gainer on the S&P 500 after Bloomberg reported that Mondelez International was exploring an acquisition of the chocolate maker.
