December S&P 500 futures (ESZ23) are up +0.28%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.06% this morning as U.S. Treasury yields continued to fall after this week’s soft U.S. inflation and jobs data spurred expectations among investors that interest rates have peaked.
In Thursday’s trading session, Wall Street’s major indexes closed mixed. Cisco Systems Inc (CSCO) slid over -9% after the networking giant cut its full-year revenue guidance. Also, Walmart Inc (WMT) plunged more than -8% after the retail giant struck a cautious tone regarding the outlook for U.S. shoppers. On the bullish side, Macy’s Inc (M) climbed over +5% after the department store operator reported better-than-expected Q3 results. In addition, Intel Corporation (INTC) gained more than +6% after Mizuho Securities upgraded the stock to Buy from Neutral with a price target of $50.
