
December S&P 500 E-Mini futures (ESZ25) are up +0.16%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.20% this morning, pointing to a higher open on Wall Street as Treasury yields fell amid growing expectations for a Federal Reserve rate cut in December.
Bond yields fell after data from outplacement firm Challenger, Gray & Christmas showed that U.S. companies announced the highest number of job cuts for any October in over two decades, prompting traders to increase wagers on a rate cut next month. Investors now await a slew of speeches from Federal Reserve officials for more clues on the interest rate outlook.