Oliver Gray 

Investing.com – U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark averages finished the regular session sharply lower, with the Dow Jones Industrial Average posting its biggest loss since 2020 after retail earnings indicated rising inflation pressures weighing on corporate profits.

Each traded 0.1% higher at 6:42 ET (10:42 GMT) while they fell 0.2%

In extended deals, Cisco Systems Inc (NASDAQ:) dipped 12.9% after as the as the company forecasted a surprising decline in revenue for the current quarter. The Q3 earnings per share (EPS) was at 87 cents instead of the 86 cents anticipated, while revenue reached $12.8 billion against estimates of $13.34 million.

Bath & Body Works Inc. (NYSE:) fell 6% after , as the company forecasted lower-than-expected second-quarter earnings. Q1 earnings per share were 64 cents instead of 53 cents as expected with revenues of $1.45 trillion versus $1.44 trillion expected.

Synopsys Inc (NASDAQ:) grew 3.5% with Q2 earnings per share of $2.50, compared to $2.37 for revenues of $1.28billion and estimates of $1.26billion.

During Wednesday’s regular trade, the shed 1,164.52 points, or 3.57%, to close at 14-month lows of 31,490.07 and posting its largest daily losses since June 2020. While the traded at 3,923.68, it fell 4.73% to 11,418.15.

The following stocks are among them: Target The shares of Corporation (NYSE:), fell 24.9% Wednesday following lower first-quarter earnings by the retailer. Wall Street had expected lower results due to increasing fuel costs.

Block Inc (NYSE.) was down 3.2%; Amazon.com Inc. fell 7.2%; Microsoft Corporation, (NASDAQ.:) declined 4.8%; and Apple Inc. (NASDAQ.:) decreased 5.6%.

The rates on bond markets were at 2.884%