December S&P 500 futures (ESZ23) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.27% this morning as market participants braced for the release of U.S. inflation data and looked ahead to the Federal Reserve’s last monetary policy committee meeting of the year due later in the week.
In Friday’s trading session, Wall Street’s major averages ended higher, with the benchmark S&P 500 rising to a 4-1/4 month high, the blue-chip Dow notching a 1-3/4 year high, and the tech-heavy Nasdaq 100 posting a 1-week high. Paramount Global (PARA) surged over +12% and was the top percentage gainer on the S&P 500 following a Deadline report indicating interest from David Ellison and RedBird Capital in acquiring the company. Also, Lululemon Athletica Inc (LULU) climbed more than +5% after the company reported upbeat Q3 results. In addition, Carrier Global Corp (CARR) rose over +4% after Honeywell International agreed to buy the company’s security business for $4.95 billion in cash. On the bearish side, RH (RH) tumbled -14% after the trendy home goods retailer reported downbeat Q3 results and cut its full-year adjusted operating margin forecast.
