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US equities trade through rates sell-off

CREDIT UPDATE

$IG eqv's are up +0.5% matching S&P moves & trading past the moves in rates.

* Netflix (+13%) up on last nights earnings

* DuPont (-13%) the $ chemicals/materials issuer fcst weak China demand would drive net sales to $2.8b (c$3.0b) in first 3 months of this year - NSN S7RKN2TVI5MP <GO> - reports 4Q/FY23 results on in 2-weeks

*Baker Hughes (-3%) - $ Oilfield services issuer dropped on earnings miss - Q4 and FY24 guidance misses - analyst takes NSN S7RQ0PDWRGG0 <GO>

* Kimberly-Clark (-4.8%) - $ & € issuer - manufacturer of huggies diapers/kleenex tissues with slight miss on Q4 results - reversing some of its gains on back of comp. P&G's results yesterday - analyst takes NSN S7RT4JDWLU68 <GO>. Its A2/A €500m Sept 24's little changed.

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