December S&P 500 E-Mini futures (ESZ25) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.06% this morning as investors remain on the sidelines ahead of a speech from Federal Reserve Chair Jerome Powell and U.S. business activity data.
In yesterday’s trading session, Wall Street’s main stock indexes ended in the green, with the S&P 500, Dow, and Nasdaq 100 posting new record highs. Nvidia (NVDA) rose over +3% after the chipmaker announced plans to invest up to $100 billion in OpenAI to support new data centers and other AI infrastructure. Also, Teradyne (TER) surged more than +12% and was the top percentage gainer on the S&P 500 after Susquehanna raised its price target on the stock to $200 from $133. In addition, Applied Materials (AMAT) climbed over +5% and was the top percentage gainer on the Nasdaq 100 after Morgan Stanley upgraded the stock to Overweight from Equal Weight with a price target of $209. On the bearish side, Kenvue (KVUE) slumped more than -7% and was the top percentage loser on the S&P 500 after the Washington Post reported that the Trump administration plans to link the active ingredient in Tylenol to autism.
