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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Plunge as Investors Weigh Interest Rate Outlook

December S&P 500 futures (ESZ23) are down -0.40%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.53% this morning as market participants continued to price in an extended period of elevated interest rates.

In Monday’s trading session, Wall Street’s major indices ended in the green. Amazon.com Inc (AMZN) rose over +1% after the retail and tech giant said it would invest up to $4B in artificial intelligence startup Anthropi. Also, NVIDIA Corporation (NVDA) gained more than +1% after Morgan Stanley said the recent decline in the stock has created “another buying opportunity.” In addition, Sealed Air Corporation (SEE) climbed over +3% after Citi upgraded the stock to Buy from Neutral. On the bearish side, HP Inc (HPQ) fell more than -1% after Warren Buffett’s Berkshire Hathaway sold 4.97M common shares of the PC maker.

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