Dow futures down 0.1%, Virgin Orbit tanks 41.2% after-hours
2023.03.30 18:49
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading in a tight range during Thursday’s evening deals, after benchmark indices posted the second session of gains as rising data boosted bets of a Fed rate slowdown.
By 6:30pm ET (10:30pm GMT) and ticked 0.1% lower while traded flat.
In extended deals, Virgin Orbit Holdings Inc (NASDAQ:) tanked 41.2% after the company announced a workforce reduction of 85% of the company’s workforce in order to reduce expenses.
Y mAbs Therapeutics (NASDAQ:) added 13.7%, Q4 EPS of $0.03, beating expected losses of $0.44 per share, while revenue came in at $31.5 million versus $20.35 million expected.
Rumble Inc (NASDAQ:) added 18.4% after Q4 EPS of $0.00 versus expected losses of $0.01 per share on revenues of $20 million versus $10.18 million expected.
Ahead in Friday’s session, market participants will be closely watching the release of the , , Michigan consumer and as well as a speeches from FOMC member and Fed governor .
During Thursday’s regular trade, the added 141.4 or 0.4% to 32,859, the added 23 points or 0.6% to 4,050.8 and the added 87.2 points or 0.7% to 12,013.5.
On the bond markets, rates were at 3.547%.
