December S&P 500 futures (ESZ23) are up +0.64%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.77% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision while also gearing up for more corporate earnings results as well as Friday’s nonfarm payrolls report.
In Friday’s trading session, Wall Street’s major indexes closed mixed. Amazon.com (AMZN) soared over +6% after the e-commerce giant reported better-than-expected Q3 results and reassured investors of a strong future in cloud computing and generative artificial intelligence. Also, Intel Corporation (INTC) surged more than +9% after the semiconductor giant posted upbeat Q3 results and provided above-consensus Q4 guidance. On the bearish side, Ford Motor Company (F) tumbled over -12% after the carmaker posted downbeat Q3 results and withdrew its full-year guidance due to the pending ratification of its tentative agreement with the United Auto Workers. In addition, Chevron Corp (CVX) slumped more than -6% after the oil and gas major missed quarterly profit estimates.
