Dow futures trade flat as Nordstrom, HP report earnings

By Oliver Gray 

Investing.com – U.S. stock futures were trading in a tight range during Tuesday’s evening deals, after major benchmark indices finished the regular session higher as market participants proved optimistic amid easing inflation pressures and prospects of smaller interest rate increases from U.S. Federal Reserve policymakers.

By 6:35pm ET (11:35pm GMT) and remained little changed, while ticked 0.1% lower.

In extended deals, Nordstrom Inc (NYSE:) lost 8.8% after EPS of $0.20 versus $0.13 expected on revenues of $3.5 billion versus $3.47 expected, while cutting its full-year guidance.

Helmerich and Payne Inc (NYSE:) added 1.2% after the company EPS of $0.85, in line with analyst expectations, with revenue coming in at $14.8 billion versus $14.84 billion expected. The company also announced layoffs of 4,000 to 6,000 employees globally over the next 3 years.

Autodesk Inc (NASDAQ:) shed 9% after EPS of $0.17 and revenue at $1.28 billion, both in line with expectations.

VMware Inc (NYSE:) lost 1.3% after the company EPS of $1.47 versus $1.59 expected, while revenue came in at $3.2 billion versus $3.35 billion expected.

Ahead in Wednesday’s session, from the latest FOMC meeting will be closely watched for further insight into the central bank’s future monetary policy settings, amid growing speculation of a smaller 50 basis point increase in December as inflation pressures ease. In addition, investors will be monitoring fresh , and data.

Markets will remain closed on Thursday for Thanksgiving and are also set to close early on Friday.

During Tuesday’s regular trade, the added 397.8 points or 1.2% to 34,098.1, the gained 1.4% or 53.6 to 4,003.58 and the gained 149.9 points or 1.4% to 11,174.4.

On the bond markets, rates were at 3.758%.

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