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Oleksandr Pylypenko

Stock Index Futures Tread Water Ahead of U.S. JOLTs Report and Fed Speak

December S&P 500 E-Mini futures (ESZ24) are up +0.01%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.01% this morning as market participants braced for the latest reading on U.S. job openings while also awaiting comments from Federal Reserve officials.

In yesterday’s trading session, Wall Street’s main stock indexes closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching new all-time highs. Super Micro Computer (SMCI) soared over +28% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the server maker said that a review by a special committee found “no evidence of misconduct on the part of management or the board of directors and that the audit committee acted independently.” Also, Tesla (TSLA) advanced more than +3% after Roth Capital Partners upgraded the stock to Buy from Neutral with a price target of $380. In addition, The Gap (GAP) climbed over +6% after JPMorgan Chase upgraded the stock to Overweight from Neutral with a price target of $30. On the bearish side, PG&E (PCG) slid about -5% after launching concurrent public offerings of $1.2 billion of common stock and $1.2 billion of mandatory convertible preferred stock.

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