The AES Corporation (AES) dropped about -1% in pre-market trading after UBS downgraded the stock to Neutral from Buy. December S&P 500 futures (ESZ23) are trending up +0.05% this morning as market participants looked ahead to the crucial monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s interest rate path. Meanwhile, San Francisco Fed President Mary Daly said Thursday that should the labor market and inflation continue to show signs of slowing, or if financial conditions remain tight, policymakers could hold interest rates steady.