Dow futures steady, Levi’s falls 6.2% after earnings
2023.07.06 19:28
© Reuters.
Investing.com – U.S. stock futures were trading lower on Thursday evening, following a negative session among benchmark indices as stronger-than-expected data renewed concerns of further rate hikes from Federal Reserve policymakers.
By 7:10pm ET (11:10pm GMT) and traded flat while ticked 0.1% lower.
In extended deals, Levi Strauss & Co Class A (NYSE:) lost 6.2% after Q2 EPS of $0.04 versus $0.03 expected, while revenues were reported at $1.34 billion versus $1.34 billion expected. The company also forecasted FY2023 EPS in the range of $1.10-$1.20 versus $1.29 expected.
Ahead in Friday’s trade, market participants will be closely monitoring , and .
During Thursday’s session, the fell 366.4 points or 1.1% to 33,922.3, the lost 35.2 points or 0.8% to 4,411.6 and the dipped 112.6 points or 0.8% to 13,679.
On the bond markets, rates lifted to fresh multimonth highs of 4.031%.
