December S&P 500 E-Mini futures (ESZ25) are up +0.12%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.23% this morning, pointing to a higher open on Wall Street as investors look ahead to the Federal Reserve’s final monetary policy committee meeting of the year, where another rate cut is widely expected.
In Friday’s trading session, Wall Street’s major equity averages ended in the green. Ulta Beauty (ULTA) surged over +12% and was the top percentage gainer on the S&P 500 after the retailer reported stronger-than-expected Q3 results and raised its full-year guidance. Also, chip stocks gained ground, with Micron Technology (MU) rising more than +4% and GlobalFoundries (GFS) advancing over +3%. In addition, Warner Bros. Discovery (WBD) climbed more than +6% and was the top percentage gainer on the Nasdaq 100 after Netflix agreed to acquire the company for about $72 billion. On the bearish side, DocuSign (DOCU) slumped over -7% after the software company issued soft Q4 revenue guidance.
