December S&P 500 futures (ESZ23) are down -0.34%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.46% this morning as U.S. Treasury yields climbed at the start of a busy week of economic data, with all eyes on Friday’s nonfarm payrolls report that could influence the outlook for U.S. interest rates.
In Friday’s trading session, Wall Street’s major averages closed higher, with the benchmark S&P 500 posting a 4-month high and the blue-chip Dow notching a 1-3/4 year high. Ulta Beauty Inc (ULTA) soared over +10% after the company posted better-than-expected Q3 results. Also, real estate investment trusts gained ground, with Boston Properties Inc (BXP) climbing more than +11% and Alexandria Real Estate Equities Inc (ARE) rising about +8%. In addition, Paramount Global (PARA) gained over +9% following a Wall Street Journal report stating that the media company and Apple have discussed bundling their streaming services at a discount. On the bearish side, Pfizer Inc (PFE) fell more than -5% after the drugmaker abandoned plans to progress a twice-daily version of oral weight-loss drug danuglipron into late-stage studies, citing side effects related to the twice-daily formulation.
