Dow Futures Trade Flat As Retail Earnings Boost Sentiment
2022.08.17 02:50
By Oliver Gray
Investing.com – U.S. stock futures remained little changed during Tuesday’s evening deals, following gains among the Dow and S&P 500 amid better than expected earnings from major retailers.
By 7:10pm ET (11:10pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were down by 0.1% apiece.
In extended deals, Agilent Technologies (NYSE:A) moved 6.6% higher after reporting Q3 EPS of $1.34, beating expectations of $1.20 while revenue came in at $1.72 billion versus $1.64 billion.
Jack Henry & Associates Inc (NASDAQ:JKHY) fell 4.8% as the company reported Q4 EPS of $1.10 versus $1.00 expected on revenues of $482.7 million versus $480.3 million expected.
Lulu’s Fashion Lounge Holdings Inc (NASDAQ:LVLU) fell 3.1% after reporting Q2 EPS of $0.15, below expectations of $0.22 while revenue came in at $131.5 million versus $133.18 million expected.
QuickLogic Corporation (NASDAQ:QUIK) moved 1.3% higher after reporting Q2 losses of $0.04 per share, greater than expected losses of $0.03 per share. Revenue came in at $4.54 million versus $4.47 million.
During Tuesday’s regular trading, the Dow Jones Industrial Average added 239.6 points or 0.7% to 34,152, the S&P 500 added 8 points or 0.2% to 4,305.2 while the NASDAQ Composite slipped 25.5 points or 0.2% to 13,102.6.
Retailers boosted risk sentiment following strong quarterly results, with Walmart Inc (NYSE:WMT) adding 5.1% and Home Depot Inc (NYSE:HD) up 4.1%.
On the bond markets, United States 10-Year yields were at 2.808%.
