Dow futures lift as Biden and McCarthy continue debt talks
2023.05.22 19:54
© Reuters.
Investing.com – U.S stock futures were trading slightly higher during Monday’s evening deals, following a mixed session among major benchmark averages as market participants monitored debt ceiling negotiations between President Joe Biden and House Speaker Kevin McCarthy.
By 6:50pm ET (10:50pm GMT) , and lifted 0.1% apiece.
in extended deals, Zoom Video Communications Inc (NASDAQ:) added 0.8% after Q1 EPS of $1.16 versus $0.99 expected, while revenue was reported at $1.1 billion versus $1.08 billion expected. The company forecasted Q2 2024 EPS in the range of $1.04-$1.06 versus $1.05 expected and revenue in the range of $1.11-1.115 billion versus $1.11 billion expected.
Ahead in Tuesday’s session, , , preliminary and PMIs will be closely monitored, as well as a speech from the Fed’s .
Among earnings, quarterly results are scheduled from companies including Intuit Inc (NASDAQ:), Lowe’s Companies Inc (NYSE:), Palo Alto Networks Inc (NASDAQ:), BJs Wholesale Club Holdings Inc (NYSE:) and Dick’s Sporting Goods Inc (NYSE:).
During Monday’s regular trade, the fell 140.1 points or 0.4% to 33,286.6, the finished flat at 4,192.6 and the lifted 62.9 points or 0.5% to 12,720.8.
On the bond markets, rates were at fresh 2-month highs of 3.721%.
