Dow Futures Tick Lower As Powell’s Speech Looms
2022.08.26 02:21
By Oliver Gray
Investing.com – U.S. stock futures were trading flat during Thursday’s evening deals, after major benchmark indices extended gains for the second consecutive session as investors looked ahead to Federal Reserve Chair Jerome Powell’s speech during the Jackson Hole economic Symposium.
By 7:00pm ET (11:00pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower.
In extended deals, Dell Technologies (NYSE:DELL) fell 5.5% after reporting Q2 EPS of $1.84, above estimates of $1.64. Revenue for the quarter came in at $26.12 billion versus the consensus estimate of $25.03 billion.
Gap Inc (NYSE:GPS) added 6.3% after reporting Q2 EPS of $0.08, beating expected losses of $0.05 per share, while revenue came in at $3.86 billion versus $3.82 billion.
Workday (NASDAQ:WDAY) lifted 10.9% as the company reported Q2 EPS of $0.83, beating expecations of $0.79. Revenue came in at $1.54 billion versus $1.52 billion expected.
Ulta Beauty (NASDAQ:ULTA) lifted 3.4% as the company reported Q2 EPS of $5.69, above expectations of $4.9 on revenues of $2.3 billion versus $2.19 billion.
Affirm Holdings Inc (NASDAQ:AFRM) tanked 14.2%, reporting Q4 losses of $0.65 per share, in-line expectations, while revenue was reported at $364.13 million versus $354.66 million expected.
During Thursday’s regular session, the Dow Jones Industrial Average added 322.6 points or 1% to 33,291.8, the S&P 500 gained 58.4 points or 1.4% to 4,199.1 and the NASDAQ Composite lifted 207.7 points or 1.7% to 12,639.3.
On the bond markets, United States 10-Year rates were at 3.031%.
