Dow Futures Tick Lower, Smartsheet Reports
2022.06.08 02:11
By Oliver Gray
Investing.com – U.S. stock futures traded lower during Tuesday’s evening deals, after major benchmark averages finished higher as investors proved optimistic ahead of Friday’s key inflation print.
By 6:55pm ET (10:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.2% lower.
In extended trades, Smartsheet Inc (NYSE:SMAR) moved 5% lower after reporting Q1 losses of $0.18 per share versus expected losses of $0.19. Revenue came in at $168.3 million $162.56 million estimated.
Investors will be closely monitoring further retail earnings from companies including Campbell Soup Company (NYSE:CPB), Ollies Bargain Outlet Holdings Inc (NASDAQ:OLLI) and Five Below Inc (NASDAQ:FIVE). Traders are also looking ahead to Friday’s consumer price index reading for May.
During Tuesday’s regular trade, The Dow Jones Industrial Average gained 264.36 points, or 0.8%, to close at 33,180.14. The S&P 500 rose 0.95% to 4,160.68, and the NASDAQ Composite added 0.94% to 12,175.23.
Energy shares were among the top performers amid stronger crude prices, with Occidental Petroleum Corporation (NYSE:OXY) adding 1.4%, ConocoPhillips (NYSE:COP) up 4.5% and Chevron Corp (NYSE:CVX) gaining 1.9%, while Exxon Mobil Corp (NYSE:XOM) was up by over 4% following an upgrade from Evercore ISI.
The technology sector was also higher, with Microsoft Corporation (NASDAQ:MSFT) up 1.4%, Block Inc (NYSE:SQ) adding 1.5%, and Apple Inc (NASDAQ:AAPL) gaining 2.8% while Amazon.com Inc (NASDAQ:AMZN) fell 1.4%.
Target Corporation (NYSE:TGT) tumbled 2.3% as the company issued another warning about weak guidance, sparking concerns of further slowdown in consumer sentiment.
On the bond markets, United States 10-Year yields were at 2.979%.
