December S&P 500 futures (ESZ23) are up +0.06%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.11% this morning as investors geared up for the Federal Reserve’s last interest rate decision of the year while also awaiting the release of key U.S. PPI data.
In Tuesday’s trading session, the benchmark S&P 500 posted a 20-month high, and the blue-chip Dow and tech-heavy Nasdaq 100 notched 1-3/4 year highs. Centene Corp (CNC) climbed over +2% after the healthcare insurer offered an above-consensus FY24 revenue outlook and authorized a $4 billion increase to its stock buyback program. Also, Take-Two Interactive Software Inc (TTWO) rose more than +3% after Wolfe Research initiated coverage of the stock with an Outperform rating. In addition, Icosavax Inc (ICVX) surged about +50% after AstraZeneca Plc agreed to acquire the vaccine developer for about $1.1 billion. On the bearish side, Oracle Corporation (ORCL) tumbled more than -12% after the cloud services provider reported weaker-than-expected Q2 revenue. Also, Johnson Controls (JCI) plunged about -6% after the company posted downbeat Q4 results and provided a soft FY24 adjusted EPS forecast.
