December S&P 500 E-Mini futures (ESZ24) are down -0.77%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -1.09% this morning as investors digested quarterly earnings reports from Microsoft and Meta as well as robust U.S. economic data that muddied the outlook for Federal Reserve rate cuts.
Investors now look forward to the release of the Fed’s preferred inflation gauge and a new round of corporate earnings reports, with particular focus on results from “Magnificent Seven” companies Apple and Amazon.
