Stock Groups

Dow Futures Tick Lower as Sell-Off Continues -Breaking

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© Reuters.

Oliver Gray 

Investing.com – U.S. stock futures were trading lower in Thursday’s evening trade, after major benchmark indices continued to retreat throughout regular trading amid increasingly volatile conditions as rising interest rates spooked investor sentiment.

At 6:45 PM ET (11:45 GMT), the stock market was down 0.2% and it fell 0.1% per share.

In extended deals, Affirm Holdings Inc (NASDAQ:) popped 34.4% after Q3 losses of 19 cents per share, beating estimates of a 53 cent loss. The quarter’s revenue was $354.8 million, compared to the $344.03 millions expected.

Figs Inc (NYSE: ) fell 23.9% following lower-than-expected revenue in the first quarter. Q1 earnings per share were 5 cents, which was lower than analyst estimates of 6cents. Meanwhile revenue reached $110.1 million instead of $116.92 millions expected.

Endeavor Group Holdings Inc (NYSE): Q1EPS rose to 12.7%, compared with 40 cents for expected revenue of 1.47 billion and $1.33 billion.

New Relic Inc (NYSE:) fell 10.1% following Q4 losses in the quarter of 24c per share, against expected losses for 21 cents. Revenue was $206.52 million, which is higher than the expected $204.52 millions.

Duolingo Inc (NASDAQ: ) gained 12.5% after the. Quarter 1 losses of 31 cents per shares beat analysts estimates of a loss by 57 Cents. The revenue came in at $81.2million, compared to $77.44 millions expected.

Robinhood Markets Inc (NASDAQ: ) jumped 23.1% upon a security file showing that Sam Bankman Fried, founder of FTX purchased a 7.6% interest in Robinhood through a holding firm.

During Thursday’s regular session, the lost 103.8 points or 0.3% to 31,730.3, the dipped 5.1 points or 0.1% to 3,930.1 and the added 6.7 points or 0.1% to 11,371.

The rates on bond markets were at 2.855%

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