Dow futures lift, Fed hikes 0.25%
2023.03.22 19:47
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading slightly higher during Wednesday’s evening deals, after major benchmark averages closed lower during regular hours as market participants reacted to the Federal Reserve’s .
By 7:00pm ET (11:00pm GMT) added 0.2% while and each gained 0.1%.
In extended deals, KB Home (NYSE:) added 2.8% after Q1 EPS of $1.45 versus $1.15 expected on revenue of $1.38 billion versus $1.31 billion expected.
Steelcase (NYSE:) moved 9.3% higher after the company Q4 EPS of $0.19 versus $0.11 expected on revenues of $801.7 million versus $750.73 million expected.
MillerKnoll, Inc. (NASDAQ:) fell 4.9%, Q3 EPS of $0.54 versus $0.42 expected, while revenue came in at $984.7 million versus $999.06 million expected.
Ahead in Thursday’s session, traders will be looking towards , , and , while companies including General Mills Inc (NYSE:) and Darden Restaurants Inc (NYSE:) are slated to report quarterly results.
During Wednesday’s regular trade, the fell 530.5 points or 1.6% to 32,030.1, the dipped 65.9 points or 1.7% to 3,936 and the lost 190.2 points or 1.6% to 11,670.
On the bond markets, rates were at 3.451%.
