December S&P 500 E-Mini futures (ESZ24) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.22% this morning, extending their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.
In yesterday’s trading session, Wall Street’s major indexes ended sharply higher, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 notching new all-time highs. Tesla (TSLA) surged over +14% and was the top percentage gainer on the Nasdaq 100 amid speculation that the company could be a major beneficiary of Trump’s return to the White House. Also, bank stocks jumped on expectations that the Trump administration would relax regulations for the industry, with Discover Financial Services (DFS) climbing more than +20% to lead gainers in the S&P 500 and Goldman Sachs (GS) rising over +13% to lead gainers in the Dow. In addition, Qualys (QLYS) soared more than +24% after the company posted upbeat Q3 results and boosted its full-year guidance. On the bearish side, Super Micro Computer (SMCI) plummeted about -18% and was the top percentage loser on the S&P 500 and Nasdaq 100 after reporting mixed preliminary FQ1 results and providing below-consensus FQ2 guidance.
