December S&P 500 futures (ESZ23) are up +0.07%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.05% this morning as investors looked ahead to comments from Fed Chair Jerome Powell for more clues about the path of interest rates.
In Thursday’s trading session, the blue-chip Dow outperformed major benchmarks, underpinned by an over +9% surge in Salesforce Inc (CRM) after the cloud-computing giant reported solid Q3 results and raised its full-year profit forecast. Also, Snowflake Inc (SNOW) gained more than +7% after the data warehousing giant posted upbeat Q3 results and lifted its annual product revenue guidance. On the bearish side, Pure Storage Inc (PSTG) plunged over -12% after the maker of flash array storage products provided below-consensus Q4 and FY24 revenue guidance. In addition, Ford Motor Company (F) fell more than -3% after cutting its full-year adjusted EBIT guidance due to rising labor costs from its new contract with UAW.
