Though there was some optimism that the Fed could dial December's rate hike down to 50-basis points,these hopes were quickly dashed by Thursday's hawkish comments from St. Louis Fed President James Bullard, who noted rates hikes have had "only limited effects" on inflation so far. Lastly, Foot Locker (FL) was eyeing its best day since August amid a rise in comparable store sales, and Five Below (FIVE) was looking to stage a bounce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.