December S&P 500 futures (ESZ23) are down -0.26%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.27% this morning as investors geared up for quarterly reports from more big banks and industry heavyweights while also awaiting crucial U.S. retail sales data.
In Monday’s trading session, Wall Street’s major indices closed in the green, with the blue-chip Dow rising to a 3-week high. Charles Schwab Corp (SCHW) climbed over +4% after the brokerage firm posted better-than-expected Q3 profit, and its finance chief said outflows were starting to abate. Also, Lululemon Athletica Inc (LULU) surged more than +10% after S&P Dow Jones Indices announced that the stock would replace Activision Blizzard in the S&P 500 Index, effective Wednesday. In addition, Microsoft Corporation (MSFT) rose over +1% after Piper Sandler named the company its “highest conviction large-cap stock to own into year-end” with a price target of $400.
