Dow Futures Tick Higher After Indices Post Worst Session Since June
2022.08.23 02:46
By Oliver Gray
Investing.com – U.S. stock futures were trading slightly higher during Monday’s evening deals, after major benchmark indices retreated during regular trade as last week’s relief rally faded amid growing concerns over continued interest rate increases from Federal Reserve policymakers.
By 7:15pm ET (11:15pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.2% while Nasdaq 100 Futures were up 0.3%.
In extended deals, Palo Alto Networks (NASDAQ:PANW) added 8.2% after the company reported Q4 EPS of $2.39, beating expectations of $2.28 while revenue came in at $1.55 billion versus $1.54 billion expected. The company also declared a three-for-one split.
Zoom Video Communications Inc (NASDAQ:ZM) fell 8.2% as the company reported Q2 EPS of $1.05, beating estimates of $0.94 while revenue came in at $1.1 billion versus $1.12 billion expected.
Ahead in the Tuesday’s session, market participants will be monitoring new home sales data, Manufacturing PMI and the Richmond Manufacturing Index, while fresh earnings results from Macy’s Inc (NYSE:M), Nordstrom Inc (NYSE:JWN) and Dick’s Sporting Goods Inc (NYSE:DKS) will also be closely watched.
During Monday’s regular trading session, the Dow Jones Industrial Average dropped 643.1 points or 1.9% to 33,063.6, the S&P 500 tumbled 2.1% to 4,138 and the NASDAQ Composite retreated 2.6% to 12,381.6.
On the bond markets United States 10-Year rates were at 3.024%.
