December S&P 500 E-Mini futures (ESZ24) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.23% this morning as Treasury yields marched higher, while investors awaited crucial U.S. producer inflation data as well as the European Central Bank’s interest rate decision.
In yesterday’s trading session, Wall Street’s major indexes ended mixed, with the tech-heavy Nasdaq 100 notching a new record high. Broadcom (AVGO) climbed over +6% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after The Information reported that Apple was working with the chipmaker on a server chip exclusively designed for artificial intelligence. Also, megacap technology stocks advanced, with Tesla (TSLA) gaining more than +5% and Nvidia (NVDA) rising over +3%. In addition, GameStop (GME) rose more than +7% after the videogame retailer reported a surprise Q3 profit. On the bearish side, Walgreens Boots Alliance (WBA) slid over -5% after analysts cast doubt on the likelihood of Sycamore Partners acquiring the drugstore chain.
