Stock Market News

Dow futures tick lower as debt ceiling looms

2023.05.16 22:10


© Reuters.

Investing.com – U.S. stock futures were trading lower during Tuesday’s evening deals after major benchmark averages posted a negative session as investors reacted to ongoing debt ceiling negotiations from U.S. congressional leaders.

By 6:55pm ET (10:55pm GMT) , and were each trading within a range of 0.1%.

In extended deals, The Container Store Group (NYSE:) dipped 15.5% after Q4 EPS of $0.18 versus $0.16 expected, while was reported at $259.7 million versus $265.72 million expected.

Keysight Technologies (NYSE:) lifted 7.4%, Q2 EPS of $2.12 versus $1.95 expected on revenues of $1.39 billion versus $1.38 billion expected.

Doximity Inc (NYSE:) dipped 8.8% after the company Q4 EPS of $0.20 versus $0.17 expected on revenues of $111 million versus $110.09 million expected.

Ahead in Wednesday’s session, market participants will be looking toward and data, while companies including Target Corporation (NYSE:), Cisco Systems Inc (NASDAQ:), Tencent Holdings Ltd ADR (OTC:) and TJX Companies Inc (NYSE:) are scheduled to report.

During Tuesday’s regular trade, the lost 336.5 points or 1% to 33,012.2, the lost 26.4 points or 0.6% to 4,109.9 and the dipped 22.2 points or 0.2% to 12,343.1.

On the bond markets, rates were at 3.541%.

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