Here’s a look at today’s pre-market movers with FrankCNBC: - $NFLX rises after Wells Fargo upgrade - Casino stocks $WYNN $LVS rise as Deutsche gets bullish on betting - $DOCU surges after Q3 results - $LULU slides as Q4 guidance disappoints
The S&P 500 on Thursday rallied to snap five days of losses — its longest streak since October. The broad-market index gained 0.75%, and the Dow gained 183.56 points, or 0.55%. The Nasdaq posted the strongest performance of the day, rallying 1.13%.
Investors are awaiting the Friday release of the November producer price index report, poised to offer further information regarding how the Federal Reserve's interest rate hikes are working to tame high inflation. Next week, one more inflation print and a Federal Reserve meeting are top of mind for traders. The November consumer price index report due Dec. 13 will further show if inflation is subsiding.
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