U.S. markets soared on Wednesday as consumer confidence surged to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations fell to their lowest level since Sept. 2021, at 6.7%, according to Reuters.
Gainers
Sintx Technologies, Inc. (NASDAQ: SINT) shares climbed 81.4% to $13.55 after the company was awarded Phase I contract for $150,000 from the Missile Defense Agency for electrochemical machining.
Goldman Sachs raised NIKE, Inc. (NYSE: NKE) price target from $120 to $133. Goldman Sachs analyst Kate McShane maintained a Buy rating on the stock. NIKE shares rose 11.6% to $115.20 in pre-market trading.
U.S. stocks look set for a positive start on Wednesday, with the index futures trading moderately higher. Sentiment going into the session likely hinges on a couple of economic readings and energy prices.