Dow futures trade higher as Fed delivers 0.5% hike
2022.12.14 19:07
© Reuters
By Oliver Gray
Investing.com – U.S. stock futures were trading slightly higher during Wednesday’s evening trade, after major benchmark averages closed lower during the regular session as Federal Reseve policymakers raised rates by 50 basis points, noting that it will continue to raise rates throughout 2023.
By 6:40pm ET (11:40pm GMT) and were up 0.2% apiece while advanced 0.3%.
In extended deals, Lennar Corporation (NYSE:) dipped 2.8% after EPS of $5.02 versus $4.88 expected on revenues of $10.17 billion versus $9.98 billion expected.
Planet Labs PBC (NYSE:) added 3.8% after the company losses of $0.08 per share versus expected losses of $0.13 per share, while revenues came in at $49.7 million versus $47.19 million expected.
Ahead in Thursday’s session, market participants will be looking towards fresh and data as well as the .
During Wednesday’s regular trade, the lost 142.3 points or 0.4% to 33,966.4, the fell 24.3 points or 0.6% to 3,995.3 and the lost 85.9 points or 0.8% to 11,170.9.
On the bond markets, rates were at 3.494%.
