December S&P 500 E-Mini futures (ESZ25) are down -0.06%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.14% this morning as investors exercise caution ahead of the release of the key U.S. jobs report, which will offer clues on the Federal Reserve’s policy path next year.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the red. ServiceNow (NOW) plunged over -11% and was the top percentage loser on the S&P 500 after Bloomberg reported that the company was in advanced talks to buy cybersecurity startup Armis for as much as $7 billion, and KeyBanc downgraded the stock to Underweight. Also, cryptocurrency-exposed stocks slumped as the price of Bitcoin fell more than -4%, with Riot Platforms (RIOT) tumbling over -10%, and Strategy (MSTR) sliding more than -8% to lead losers in the Nasdaq 100. In addition, iRobot (IRBT) plummeted over -72% after the Roomba maker filed for Chapter 11 bankruptcy protection. On the bullish side, KLA Corp. (KLAC) rose more than +2% after Jefferies upgraded the stock to Buy from Hold with a price target of $1,500.
