Dow Futures Tick Higher Following Negative Session
2022.06.09 01:36
By Oliver Gray
Investing.com – U.S. stock futures remained little changed during Wednesday’s evening deals, after major benchmark averages ended the regular session lower and U.S. Treasury yields rose as investors monitored signs of a potential economic slowdown.
By 6:35pm ET (10:35pm GMT) Dow Jones Futures and S&P 500 Futures were up by 0.1% while Nasdaq 100 Futures remained flat.
In extended deals, Oxford Industries Inc (NYSE:OXM) added 6% after reporting Q1 EPS of $3.50, beating estimates of $2.75, while revenue came in at $352.6 million versus $329.03 million expected.
Five Below Inc (NASDAQ:FIVE) fell 5% after the company reported Q1 EPS of $0.59, slightly above $0.58 expected. Revenue came in at $639.6 million versus $654 million expected.
Greif Bros Corporation (NYSE:GEF) added 5% as the company reported Q2 EPS of $2.41 versus $1.71 expected on revenue of $1.67 billion versus $1.51 billion expected.
Yext Inc (NYSE:YEXT) gained 2% as the company reported Q1 losses of 6 cents per share,slightly better than expected losses of 7 cents pre share. Revenue came in at $98.8 million versus $96.8 million expected.
Ahead in the session, investors will be keeping an eye on fresh initial jobless claims data as well as earnings from Nio Inc (NYSE:NIO), DocuSign Inc (NASDAQ:DOCU) and Rent the Runway Inc (NASDAQ:RENT).
During Wednesday’s regular trading, the Dow Jones Industrial Average dipped 269.24 points, or 0.8%, to 32,910.90, the S&P 500 shed 1.1% to close at 4,115.77 and the NASDAQ Composite slid 0.73% to finish at 12,086.27.
On the bond markets, United States 10-Year rates were nearing fresh 4-year highs of 3.027%.
