December S&P 500 E-Mini futures (ESZ24) are up +0.33%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.29% this morning as Donald Trump’s election victory continued to boost risk appetite, while investors looked ahead to U.S. inflation data, a fresh batch of corporate earnings reports, as well as remarks from Federal Reserve Chair Jerome Powell and other Fed officials.
In Friday’s trading session, Wall Street’s major averages ended in the green, with the benchmark S&P 500, the blue-chip Dow, and the tech-heavy Nasdaq 100 notching new all-time highs. Axon Enterprise (AXON) surged over +28% and was the top percentage gainer on the S&P 500 after the company posted upbeat Q3 results and raised its full-year revenue guidance. Also, Fortinet (FTNT) climbed about +10% and was the top percentage gainer on the Nasdaq 100 after reporting better-than-expected Q3 results and providing above-consensus annual adjusted EPS guidance. In addition, Upstart Holdings (UPST) jumped more than +46% after the company reported stronger-than-expected Q3 results and issued upbeat Q4 revenue guidance. On the bearish side, Akamai Technologies (AKAM) plunged over -14% and was the top percentage loser on the S&P 500 after the cybersecurity and cloud computing firm cut its full-year guidance. Also, Airbnb (ABNB) slid more than -8% and was the top percentage loser on the Nasdaq 100 after reporting weaker-than-expected Q3 EPS.
