Dow Futures Little Changed After Mixed Session -Breaking
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© Reuters. Oliver Gray
Investing.com – U.S. stock futures remained little changed in Monday’s evening trade, after a mixed session for major benchmark indices as market participants weighed slowing U.S. economic growth, interest rate hikes from central bank policymakers and heightened inflation pressures.
At 6:45 PM ET (11:45 GMT), the market was flat and had risen 0.1% by that time.
Shapeways Holdings, Inc., NYSE:, moved 3.6% higher in extended deals after Q1 losses at 8 cents per share, compared to the expected loss of 10 cents, on revenue of $7.57million versus $7.34million.
Shoals Technologies Group Inc (NASDAQ) saw a 4.9% increase despite not meeting earnings expectations. The company’s Q1 EPS was 5 cents, compared to 7 cents anticipated. Revenue came in at $68million versus $70.38 million.
Global-E Online Ltd.(NASDAQ:) dropped 28.3% in the aftermath of earnings results. Quarterly losses were 35 cents per shares, which was a decrease from 13 cents. The revenue was $76.3 million, compared to estimates of $74.98 millions.
Take-Two Interactive Software Inc (NASDAQ) saw a 3.5% increase in EPS, which was 95cs higher than the $1.01 anticipated, and Total Net Bookings rose 8% to $845.8million, exceeding estimates of $883.62 millions.
Tencent Music Entertainment Group (NYSE:) was 1.2% higher following the company’s first-quarter .
United Airlines Holdings Inc. (NASDAQ:) was also up 2.8% following an update of its second quarter outlook.
Investors will look forward to Tuesday’s releases, and companies like Walmart Inc (NYSE:)), Home Depot Earnings results are expected from JD.com Inc and Inc (NASDAQ:).
During Monday’s regular session, the added 26.76 or 0.1%, to 32,223.43. They fell by 15.9 points (0.4%) to 4,008.01; and they dropped 1.2% (1,662.79) to 11,662.79.
Block Inc (NYSE 🙂 was down 5.3% while Amazon.com Inc. (NASDAQ 🙂 declined 2%. This sentiment was mainly driven by technology giants. Twitter Inc (NYSE:), shedding 8.2%. Apple Inc (NASDAQ) is down 1.1%. Alphabet Inc(NASDAQ:) falls 1.4%.
Tesla Inc (NASDAQ) also saw a 5.9% drop in electric vehicle manufacturing. Rivian Automobile Inc (NASDAQ 🙂 dropping 6.9%; Lucid Group Inc NASDAQ 🙂 dropping 3.1%
The rates on bond markets were at 2.886%
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