Dow Futures Slip Following Positive Session -Breaking
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© Reuters Oliver Gray
Investing.com – U.S. stock futures dipped during Monday’s evening trade as investors remained cautious after major benchmark averages attempted to rebound during the regular session.
The stock indexes were at 6:45 ET (10:45 GMT) and had fallen 0.4%, 0.8% and 1.5% respectively by the close of business.
Extended deals Snap Inc The stock plummeted 30.9% following warnings that the company would miss its revenue targets and adjusted earnings for the current quarter. This was due to an earlier than anticipated deterioration in the macroeconomic environment. Pinterest Inc (NYSE:), and Meta Platforms Inc. (NASDAQ:), also declined 12.6% and 7.5%, respectively, after the report. Alphabet Inc. (NASDAQ:), however, was unchanged. Twitter Inc (NYSE:) fell 3.7% apiece.
Nautilus Group Inc (NYSE:) fell 16.3% following Q4 losses at 58 cents per shares. However, revenue was $119.7 Million, which is in line with market expectations.
Zoom Video Communications Inc (NASDAQ: ) saw 6.2% increase in Q1 earnings per share of $1.03 against $0.87 anticipated, and quarter revenue was $1.07billion, which was in line with market expectations.
Investors will keep an eye on data and the Fed Chair Powell’s comments while they are being monitored. Nordstrom Inc (NYSE:), Best Buy Co Inc (NYSE;) and Ralph Lauren Corp, (NYSE:), will report their earnings results.
During Monday’s regular trading session, the jumped 618 points, or nearly 2% to 31,880.3, the rose 72.4 points or 1.9% to 3,973.8 and the gained 1.6% to 11,535.3.
Gains were led by heavyweight financial companies with JPMorgan Chase & Co (NYSE:) gaining 6.2% after raising its guidance for full-year net interest income. Bank of America Corp. (NYSE:) had a 6% lift. Citigroup Inc (NYSE 🙂 experienced 6.1% growth Wells Fargo & Company (NYSE:) lifted 5.2%.
The yields for the bond markets were at 2.86%
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