Investing.com – U.S. stock futures opened higher Wednesday night, with all three major stock indexes poised to end November on a strong note. As of 6:15 p.m. ET (11:15 p.m. Japan time), the S&P 500 index was up 0.3%, and the S&P 500 index was up 0.1%. In expansion deals, Salesforce (NYSE:) rose 8.9% after the company expected revenue of $8.72 billion and EPS of $2.11 versus $2.06, in line with analyst estimates.
The company also forecast better-than-expected results for the fourth quarter and full year. Snowflake (NYSE:) rose 7.3%, with earnings per share of $0.25 versus expectations of $0.16. Revenue was $734.2 million, compared to expectations of $713.36 million. Synopsys (NASDAQ:) rose 1.4% with earnings of $3.17 per share, compared to estimates of $3.04. Sales came in at $1.6 billion, compared to expectations of $1.58 billion, and the company also said it expects to beat expectations for the first quarter and fiscal year.
Five Below Inc (NASDAQ:) rose 1%, with earnings per share of $0.26 versus the estimate of $0.23 and revenue of $736.4 million versus the estimate of $727.6 million. Ahead of Thursday’s trading, market participants will be closely monitoring data from the Federal Reserve, a key gauge of inflation. Other publications include a personal magazine, a weekly magazine, and FOMC talks. In addition to earnings results, announcements from companies such as Big Lots (NYSE:), Express, and Kroger (NYSE:) are also scheduled for Thursday. Despite Wednesday’s relatively flat trading session, the index and S&P 500 are still only about 0.5% and 0.8%, respectively, from this year’s closing highs.
Although down just 0.16% on the day, the tech-heavy index is still about 0.7% below its 2023 high close. Major indexes are expected to end November with strong gains, ending a three-month losing streak. The S&P 500 index rose 8.5% in November, while the S&P 500 index rose nearly 11%. Both indexes are on track for their best monthly performance since July 2022. The Dow rose 7.2% in November, on track to be its best month since October 2022. In the bond market, interest rates were raised to 4.259%, the lowest level in 10 weeks.