Stock futures rose modestly Friday as the 10-year Treasury yield eased down from its 14-month high. On Thursday the Nasdaq slumped more than 3%.
Here are some of the top movers during premarket trading on Friday.
1. FedEx FDX | Up 5.4%
FedEx beat Wall Street's forecasts for fiscal-third-quarter earnings with a bottom line of $3.47 a share as revenue grew 23% to $21.5 billion.
2. Nike NKE | Down 2.5%
Shares of Nike (NKE) - Get Report dropped after the sports retailer's fiscal-third-quarter sales missed Wall Street estimates as supply-chain problems delayed shipments to customers in North America.
Nike said North American revenue was hit by port-related issues, which delayed shipments by up to three weeks.
3. Ford F | Up 3.8%
Shares of Ford (F) - Get Report rose after analysts at Barclays boosted their price target on the carmaker to the highest on Wall Street, linked in part to its improving outlook for electric-vehicle production.
In an update published Friday, Barclays analyst Brian Johnson lifted his rating on Ford to overweight from equal weight while raising his price target by $3 to $16 a share.
4. Hartford Financial HIG | Up 0.2%
Shares of Hartford Financial (HIG) - Get Report edged higher after a 19% jump on Thursday. The financial services company said it was “carefully considering” a takeover proposal from rival Chubb. (CB) - Get Report
Hartford Financial's market capitalization was $23 billion as of Thursday, with its shares having doubled in the past year, Bloomberg noted.