Dow futures steady, GameStop sheds 18.8% after earnings

Investing.com – U.S. stock futures were trading in a tight range during Wednesday’s evening deals, after a mixed session among major benchmark averages as the recent AI-driven tech rally paused, while the Dow outperformed.

By 6:45pm ET (10:45pm GMT) , and were each trading within a range of 0.1%.

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In extended deals, GameStop Corp (NYSE:) fell 18.8% after the company Q1 losses of $0.14 per share versus expected losses of $0.12 per share while revenue came in at $1.24 billion versus $1.36 billion expected. The board also ousted Matt Furlong as chief executive and appointed Ryan Cohen as executive chairman.

Hashicorp Inc (NASDAQ:) lost 23.2% after Q1 losses of $0.07 per share versus expected losses of $0.14 per share while revenue was reported at $138 million versus $133.13 million expected.

Smartsheet Inc (NYSE:) fell 19.2% after the company Q1 EPS of $0.18 versus $0.08 expected on revenues of $219.9 million versus $214.1 million expected.

Ahead in Thursday’s session, market participants will be closely monitoring weekly data, , and the .

During Wednesday’s regular trade, The added 91.7 points or 0.3% to 33,665, the dipped 16.4 points or 0.4% to 4,267.5 and the lost 171.5 points or 1.3% to 13,104.9.

On the bond markets, rates were at 3.797%.