December S&P 500 futures (ESZ23) are up +0.38%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.34% this morning as U.S. Treasury yields retreated after Thursday’s surge on the back of hawkish remarks from Federal Reserve Chair Jerome Powell and a disappointing 30-year note auction.
In Thursday’s trading session, Becton Dickinson and Company (BDX) plunged over -9% after the company issued downbeat FY24 guidance. Also, Tesla Inc (TSLA) slumped more than -5% after HSBC initiated coverage of the stock with a Reduce rating and a price target of $146. In addition, Arm Holdings (ARM) fell over -5% after the company provided disappointing Q3 sales guidance amid a slump in smartphone sales and uncertain timing for new licensing deals. On the bullish side, Walt Disney Company (DIS) gained more than +6% after the theme park and entertainment giant posted stronger-than-expected Q4 EPS and showed better streaming subscriber growth than expected.
