December S&P 500 futures (ESZ23) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.21% this morning as Treasury yields retreated, with investors’ focus now shifting to the ADP National Employment numbers due later in the day.
In Tuesday’s trading session, the benchmark S&P 500 and blue-chip Dow fell to 4-month lows. McCormick (MKC) plunged over -8% after the spice maker reported weaker-than-expected Q3 sales. Also, Amazon.com (AMZN) slid more than -3%, and Microsoft (MSFT) dropped over -2% following a Reuters report indicating that these companies might face antitrust investigations by British media regulator Ofcom. In addition, Airbnb Inc (ABNB) fell more than -6% after KeyBanc Capital Markets downgraded the stock to Sector Weight from Overweight. On the bullish side, HP Inc (HPQ) rose over +1% after BofA Global Research upgraded the stock to Buy from Underperform.
