Dow futures slide 150 points after hotter-than-expected wholesale inflation report - CNBC

The shaper terms index, a measurement of what companies get for their products successful the pipeline, increased 0.3% for November and 7.4% from a twelvemonth ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain. Excluding nutrient and energy, halfway PPI was up 0.4%, besides against a 0.2% estimate.

Dow futures, which were higher earlier the report, rolled implicit and were past down astir 100 points arsenic the hotter-than-expected ostentation study wounded hopes the Federal Reserve would soon extremity its hiking campaign. Treasury yields ticked higher aft the report.

This study raises the stakes for Monday's much important user prices report.

—Jeff Cox, John Melloy

These are immoderate of the stocks moving earlier the bell:

Broadcom – Shares rallied 3.9% aft the spot shaper reported better-than-expected quarterly results and an upbeat outlook. The institution besides raised its dividend and said it would resume stock buybacks.

Bath & Body Works  – Bath & Body Works shares jumped 4.9% pursuing quality that Daniel Loeb's Third Point has a much than 6% involvement successful the idiosyncratic attraction products retailer. An SEC filing besides revealed that Third Point is pushing the institution to name caller committee members.

Netflix – Netflix gained 2.7% earlier the doorbell pursuing 2 affirmative expert reports. Wells Fargo upgraded the streaming service's banal to overweight from adjacent weight, saying contented maturation would lessen lawsuit churn. Cowen named the banal a "best idea" for 2023, pointing to further monetization avenues including the caller ad-supported tier.

DocuSign  – DocuSign posted a 10.9% leap pursuing upbeat quarterly results for the physics signature exertion company. DocuSign besides reported better-than-expected billings — a metric that tracks income to caller customers — positive subscription renewals and further income to existing customers.

Read the afloat list of stocks moving here.

— Samantha Subin, Peter Schacknow

Shares of Lululemon tumbled 7% earlier the doorbell Friday after sharing a anemic outlook for the 4th quarter.

The fashionable athletics apparel retailer bushed analysts' apical and bottommost enactment estimates, with net beating expectations by 3 cents a share. Revenue came successful astatine $1.86 cardinal versus the expected $1.81 billion.

For the vacation period, Lululemon said it expects net to scope betwixt $4.20 and $4.30 a share, compared to estimates of $4.30. It besides expects gross betwixt $2.605 cardinal and $2.655 billion, compared to the expected $2.649 billion.

The institution modestly raised its forecast for the afloat year.

Investors looking for a larboard successful a apt tempest adjacent twelvemonth should look astatine Microsoft, Goldman Sachs said.

"Microsoft's ample footprint wrong the endeavor and its immense merchandise portfolio ... leaves it good positioned to proceed to grow its wallet stock amongst its customers contempt a slower IT spending situation and a weaker consumer," the slope said successful a enactment to clients, naming the tech elephantine a apical prime for 2023.

"The strategical positioning of Microsoft wrong enterprises tin beryllium elevated by customers' heightened absorption connected optimizing IT walk and consolidating their exertion stack with existing vendors," they added.

CNBC Pro subscribers tin work much here.

— Alex Harring

Netflix shares roseate much than 2% aft Wells Fargo upgraded the streaming elephantine to overweight from adjacent weight, noting that the company's caller advertisement video concern could pb to a beardown 2023.

"After a play of turmoil astir slowing subscribers and gross growth, NFLX is utilizing each arrow successful the quiver," Wells Fargo said. "Our heavy dive into NFLX sees contented improving churn, portion AVOD [advertising-based video connected demand] and paid sharing amended estimates."

CNBC Pro subscribers tin work much here.

— Fred Imbert

Some planetary user tech companies could summation arsenic China relaxes immoderate Covid-19 restrictions, and shares of 4 firms could emergence by much than 40%, according to HSBC.

The Asia-focused slope said a faster-than-expected betterment of user electronics successful the coming months would payment these companies.

CNBC Pro subscribers tin work much here.

— Ganesh Rao

Shares of DocuSign are soaring successful after-hours trading connected rosy earnings.

The tech institution banal jumped arsenic overmuch arsenic 16% aft it bushed expectations connected the apical and bottommost lines for the latest quarter, reporting adjusted net of 57 cents per stock connected $645 cardinal successful gross wherever Wall Street expected adjusted net of 42 cents and gross of $627 million, according to Refinitiv.

Read what different stocks are moving successful aft hours trading here.

—Carmen Reinicke

Economists expect that wholesale prices ticked up somewhat successful November, in-line with the gait of the erstwhile month.

The statement for November's shaper terms index, owed Friday, is simply a seasonally-adjusted 0.2% summation connected a monthly basis, according to FactSet data. On the year, economists surveyed by FactSet expect a 7.2% increase.

In October, the scale roseate 0.2% connected the month, little than anticipated. It besides notched an 8% yearly gain, according to information from the Bureau of Labor Statistics.

—Carmen Reinicke

Stock futures were level Thursday evening arsenic Wall Street looks up to the November shaper terms scale report, which volition springiness much accusation connected ostentation erstwhile it's released Friday.

Futures tied to the Dow Jones Industrial Average roseate 2 points, oregon 0.01% astatine the commencement of futures trading. S&P 500 futures and Nasdaq 100 futures were up 0.01% and down 0.002%, respectively.

Shares of Lululemon fell astir 7% aft the institution gave a weaker-than-expected fourth-quarter outlook, adjacent though it beat Wall Street expectations with its third-quarter results.

—Carmen Reinicke