December S&P 500 E-Mini futures (ESZ24) are up +0.16%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.23% this morning as market participants looked ahead to earnings reports from a stellar lineup of companies, key economic data releases, and comments from Federal Reserve officials.
In Friday’s trading session, Wall Street’s major averages closed higher, with the benchmark S&P 500 and blue-chip Dow notching new all-time highs. Fastenal (FAST) surged over +9% and was the top percentage gainer on the Nasdaq 100 after the company reported stronger-than-expected Q3 results. Also, JPMorgan Chase (JPM) advanced more than +4% and was the top percentage gainer on the Dow after the biggest U.S. bank by assets posted upbeat Q3 results and raised its full-year net interest income forecast. In addition, Wells Fargo & Co. (WFC) climbed over +5% after reporting better-than-expected Q3 EPS. On the bearish side, Tesla (TSLA) slid more than -8% and was the top percentage loser on the S&P 500 and Nasdaq 100 after unveiling a prototype of its much-anticipated “Cybercab” robotaxi, which analysts said was “light on details.”
