Oliver Gray 

Investing.com – were trading slightly higher during Thursday’s evening deals after major benchmark indices extended losses during the regular session as investors continued to retreat on fears that Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession.

The market was up 0.3% at 6:45 ET (10:45 GMT).

For extended deals Ross Stores Inc (NASDAQ:) dropped 22.5% following Q1 EPS $0.97, compared to $1.02 anticipated on revenues of $4.33 Billion versus $4.53 Billion expected.

Palo Alto Networks Inc. (NASDAQ) gained 10.3% in Q3 as it reported a EPS of $1.79 instead of the $1.68 anticipated. The quarter’s revenue was $1.39 billion, compared to estimates of $1.36 trillion.

Applied Materials Inc. (NASDAQ) fell 1.1% because quarterly analysts estimates were not met. According to the company, Q2 earnings per share (EPS) was $1.85, which is below what analysts expected. Quarterly revenue came in at $6.25 Billion, rather than $6.35 Billion. CEO Gary Dickerson noted that the company is “constrained by on-going supply chain issues.”

Deckers Outdoor Corporation, (NYSE:), moved 13.1% higher following Q4 EPS at $2.51. Analysts had expected $1.32. Quarterly revenue came to $736million, against $639.2 million estimates. The company’s full-year revenue guidance was also above expectations.

VF Corporation, (NYSE:), gained 1.2% following Q4 EPS $0.45. It was slightly lower than the estimates $0.46. However, revenue reached $2.8 billion versus expected $2.83 billion.

During Thursday’s regular trade, the dropped 236.94 points, or 0.75%, to 31,253.13, fell 22.9 points or 0.6% to 3,900.8 and the fell 0.26% to 11,388.50.

Yields in the bond markets were 2.837%