Dow Futures Tick Lower as Sell-Off Continues
2022.05.13 02:01
By Oliver Gray
Investing.com – U.S. stock futures were trading lower in Thursday’s evening trade, after major benchmark indices continued to retreat throughout regular trading amid increasingly volatile conditions as rising interest rates spooked investor sentiment.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures were down 0.2% while S&P 500 Futures and Nasdaq 100 Futures fell 0.1% apiece.
In extended deals, Affirm Holdings Inc (NASDAQ:AFRM) popped 34.4% after reporting Q3 losses of 19 cents per share, beating estimates of a 53 cent loss. Revenue for the quarter came in at $354.8 million versus $344.03 million expected.
Figs Inc (NYSE:FIGS) dipped 23.9% after reporting weaker-than-expected first-quarter revenue. Q1 EPS came in at 5 cents versus analyst estimates of 6 cents, while revenue came in at $110.1 million versus $116.92 million expected.
Endeavor Group Holdings Inc (NYSE:EDR) popped 12.7%, reporting Q1 EPS of $1.16 versus 40 cents expected on revenue of $1.47 billion versus $1.33 billion expected.
New Relic Inc (NYSE:NEWR) dropped 10.1% after reporting Q4 losses of 24 cents per share, versus expected losses of 21 cents. Revenue came in at $206 million versus $204.52 million expected.
Duolingo Inc (NASDAQ:DUOL) gained 12% after results, as Q1 losses came in at 31 cents per share, beating analyst estimates of 57 cents loss. Revenue came in at $81.2 million versus $77.44 million expected.
Robinhood Markets Inc (NASDAQ:HOOD) jumped 23.1% after a security filing showed that FTX founder Sam Bankman-Fried purchased a 7.6% stake in Robinhood through a holding company.
During Thursday’s regular session, the Dow Jones Industrial Average lost 103.8 points or 0.3% to 31,730.3, the S&P 500 dipped 5.1 points or 0.1% to 3,930.1 and the NASDAQ Composite added 6.7 points or 0.1% to 11,371.
On the bond markets, United States 10-Year rates were at 2.855%.
