S&P Futures Tick Higher With U.S. Economic Data in Focus

Economic Indicators - The U.S. ISM Non-Manufacturing PMI is expected to be 52.0 for November, down from 52.4, while the S&P Global Services PMI is forecasted at 55.0, slightly up from 54.8 [1] - The November ADP Nonfarm Employment Change is anticipated to be 5,000, a significant decrease from October's 42,000 [2] - U.S. Industrial Production and Manufacturing Production for September are expected to rise by 0.1% month-over-month, consistent with August's Industrial Production but down from a 0.2% increase in Manufacturing Production [7] - The Export and Import Price Indexes for September are both projected to increase by 0.1% month-over-month, down from previous figures of 0.3% [8] Stock Market Performance - Wall Street's major indexes closed higher, with the S&P 500 and Nasdaq 100 reaching 2.5-week highs; notable gainers included Intel (+8%), NXP Semiconductors (+7%), and Boeing (+10%) [5] - MongoDB's stock surged over 22% after reporting strong Q3 results and raising its full-year guidance [5] - Symbotic's stock fell more than 21% following a downgrade by Goldman Sachs [5] Corporate Earnings - Companies such as Salesforce, Snowflake, and Dollar Tree are set to report quarterly figures today [9] - American Eagle Outfitters saw a pre-market surge of over 13% after posting positive Q3 results and raising Q4 guidance [19] - CrowdStrike Holdings experienced a decline of over 2% in pre-market trading due to disappointing Q3 results and guidance [20] International Market Developments - The Euro Stoxx 50 Index rose by 0.42%, driven by retail stocks, particularly Inditex, which reported a 10.6% year-over-year increase in sales [10] - China's Shanghai Composite Index closed lower, influenced by concerns over the services sector and real estate stocks following Fitch Ratings' actions [14] - Japan's Nikkei 225 Index increased by 1.14%, supported by gains in the tech sector, while bank stocks retreated as investors took profits [16]