December S&P 500 E-Mini futures (ESZ24) are up +0.14%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.01% this morning as investors awaited crucial U.S. producer inflation data, remarks from Federal Reserve Chair Jerome Powell, and an earnings report from entertainment giant Disney.
In yesterday’s trading session, Wall Street’s major indexes closed mixed. Rivian Automotive (RIVN) climbed over +13% after Volkswagen AG raised its investment in the electric vehicle maker by 16% to $5.8 billion. Also, Spotify Technology (SPOT) surged more than +11% after offering above-consensus Q4 guidance for operating income and monthly active users. In addition, Charter Communications (CHTR) gained over +3% after agreeing to buy Liberty Broadband in an all-stock transaction. On the bearish side, Super Micro Computer (SMCI) slid more than -6% and was the top percentage loser on the Nasdaq 100 after announcing that it cannot file its quarterly report on Form 10-Q for the period ended September, as it requires time to appoint a new auditor.
