December S&P 500 futures (ESZ23) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.25% this morning as market participants looked ahead to more corporate earnings reports and Federal Reserve Chair Jerome Powell’s speech later in the week.
In Friday’s trading session, Wall Street’s major averages ended in the green. Expedia Inc (EXPE) surged over +18% and was the top percentage gainer on the benchmark S&P 500 after the company reported stronger-than-expected Q3 results and announced a $5B share buyback program. Also, Block Inc (SQ) soared more than +10% after the company posted upbeat Q3 results, announced a $1B stock buyback program, and boosted its annual adjusted profit forecast. In addition, Paramount (PARA) gained over +15% after the media and entertainment company reported better-than-expected Q3 results thanks to positives in its streaming business. On the bearish side, Fortinet Inc (FTNT) plunged more than -12% after the cybersecurity firm provided downbeat Q4 billings and revenue guidance.
