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Walt Disney Co leapt 8.1% higher in premarket trading as Iger's
return less than a year after he retired coincided with the
entertainment company's attempt to boost investor confidence and
profits at its streaming media unit.
U.S.-listed Chinese stocks including JD.COM and Alibaba Group
were down about 5% and 2%, respectively, with the latest wave of
COVID-19 cases testing China's resolve to stick to adjustments
it has made to its zero-COVID policy.
Attention turns to Wednesday's release of minutes from the U.S.
Federal Reserve's November meeting after some officials
reiterated the central bank's pledge to continue monetary policy
tightening until inflation was in check, in part pushing the
three main indexes lower on Friday.
Traders are placing a 19% bet on the Fed hiking its key
benchmark rate by 75 basis points in the December policy
meeting, with a peak for rates expected in June.
At 5:22 a.m. ET, Dow e-minis were down 92 points, or 0.27%, S&P
500 e-minis were down 22 points, or 0.55%, and Nasdaq 100
e-minis were down 86.75 points, or 0.74%.
(Reporting by Shubham Batra; Editing by Shounak Dasgupta)
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