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Barchart
Barchart
Oleksandr Pylypenko

Stocks Set for Muted Open as Investors Await U.S. Inflation Data

December S&P 500 E-Mini futures (ESZ24) are down -0.10%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.14% this morning as investors looked ahead to the release of U.S. inflation data later in the week, which will be scrutinized by Federal Reserve officials before their final meeting this year.

In Friday’s trading session, Wall Street’s major equity averages closed mixed, with the benchmark S&P 500 and tech-heavy Nasdaq 100 notching new record highs. Lululemon Athletica (LULU) surged over +15% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the athleisure retailer posted solid Q3 results and raised its full-year guidance. Also, Hewlett Packard Enterprise (HPE) climbed more than +10% after the IT giant reported better-than-expected FQ4 results. In addition, DocuSign (DOCU) jumped over +27% after the company reported stronger-than-expected Q3 results and issued above-consensus Q4 revenue guidance. On the bearish side, Smith & Wesson Brands (SWBI) tumbled more than -20% after posting downbeat FQ2 results.

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