December S&P 500 E-Mini futures (ESZ24) are down -0.02%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.10% this morning as market participants awaited the outcome of one of the most closely contested elections in U.S. history, a fresh batch of corporate earnings reports, and the Federal Reserve’s policy meeting later in the week.
In Friday’s trading session, Wall Street’s major averages closed in the green. Amazon.com (AMZN) gained over +6% after the e-commerce and cloud giant reported stronger-than-expected Q3 results and provided solid guidance for the holiday quarter. Also, Intel (INTC) climbed more than +7% and was the top percentage gainer on the Dow after the semiconductor giant reported better-than-expected Q3 revenue and gave an upbeat Q4 revenue forecast. In addition, Atlassian (TEAM) surged about +19% and was the top percentage gainer on the Nasdaq 100 after the software firm posted better-than-expected FQ1 results and issued above-consensus FQ2 revenue guidance. On the bearish side, Apple (AAPL) slid more than -1% after the iPhone maker reported weaker-than-anticipated quarterly sales in China and offered a tepid FQ1 sales forecast.
