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Oleksandr Pylypenko

Stock Index Futures Tread Water Ahead of U.S. JOLTs Report, Alphabet Earnings on Tap

December S&P 500 E-Mini futures (ESZ24) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.08% this morning as market participants geared up for the latest reading on U.S. job openings while also awaiting a deluge of corporate earnings reports from heavyweight names.

In yesterday’s trading session, Wall Street’s major indexes ended in the green. 3M Company (MMM) climbed over +4% and was the top percentage gainer on the Dow after JPMorgan raised its price target on the stock to $165 from $160. Also, airline and transportation stocks rallied as oil prices plunged, with Carnival (CCL) rising more than +4% and American Airlines Group (AAL) advancing over +3%. In addition, ON Semiconductor (ON) gained more than +1% after reporting better-than-expected Q3 results. On the bearish side, Boeing (BA) fell over -2% and was the top percentage loser on the Dow after the planemaker launched a $19 billion share sale.

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