Dow futures trade lower, First Republic tanks 45.9%
2023.05.01 19:34
© Reuters.
By Oliver Gray
Investing.com – U.S stock futures were trading lower during Monday’s evening deals, following a negative session among benchmark averages as market participants reacted to the JPMorgan Chase & Co (NYSE:) takeover of troubled First Republic Bank (NYSE:) ahead of this week’s Federal Reserve and continuing quarterly earnings results.
By 7:00pm ET (11:00pm GMT) and were 0.1% lower while fell 0.2%.
in extended deals, Chegg Inc (NYSE:) tanked 36.9% after Q1 EPS of $0.27 versus $0.26 expected on revenues of $187.6 million versus $185.2 million expected.
Diamondback Energy Inc (NASDAQ:) fell 1.7% after the company EPS of $4.10 versus $4.35 expected, while revenues came in at $1.93 billion, in line with expectations.
NXP Semiconductors NV (NASDAQ:) added 4.2% Q1 EPS of $3.19 versus $3.02 expected, with revenues reported at $3.12 billion versus $3 billion expected.
Ahead in Tuesday’s session will be looking toward and data, while companies including Pfizer Inc (NYSE:), Advanced Micro Devices Inc (NASDAQ:), Starbucks Corporation (NASDAQ:), Uber Technologies Inc (NYSE:), Ford Motor Company (NYSE:) are set to report quarterly results.
During Monday’s regular session, the fell 46.5 points or 0.1% to 34,051.7, the finished flat at 4,167.9 and the lost 14 points or 0.1% to 12,212.6
On the bond markets, yields were at 3.57%.
