Stock Market News

Dow futures trade steady, Qualcomm, DoorDash gain after earnings

2023.11.01 20:01


© Reuters.

Investing.com – US stock futures were steady within a tight range during Wednesday’s evening deals, with investors digesting the Federal Reserve’s policy decision ahead of the latest batch of corporate earnings reports.

By 6:55pm ET (10:55 pm GMT) were flat while and lifted 0.1% apiece.

In extended deals, Qualcomm (NASDAQ:) added 3.6% after Q4 EPS of $2.02 versus $1.91 expected, while revenues came in at $8.67 billion versus $8.51 billion expected.

DoorDash (NASDAQ:) lifted 7.5%, Q3 losses of $0.19 per share versus expected losses of $0.40 per share. Revenue for the quarter was reported at $2.2 billion versus $2.09 billion expected.

Electronic Arts (NASDAQ:) lifted 5% after the company Q2 EPS of $1.46 versus $1.25 expected, while revenues were reported at $1.91 billion versus $1.77 billion expected.

Roku (NASDAQ:) popped 17.3%, Q3 losses of $2.33 per share versus expected losses of $1.96 per share on revenue of $912 million versus $855.11 million expected.

Ahead in Thursday’s session, market participants will be monitoring key employment data including , , as well as and sa speech from

On the earnings front, companies to watch include Apple Inc (NASDAQ:), Eli Lilly and Company (NYSE:), ConocoPhillips (NYSE:), Starbucks Corporation (NASDAQ:) and Shopify Inc (NYSE:).

Stay ahead of the curve this earnings season with InvestingPro!

During Wednesday’s regular trade, the added 221.7 points or 0.7% to 33,274.6, the added 44.1 points or 1.1% to close at 4,237.9 and the lifted 210.2 points or 1.6% to 13,061.5.

Investor focus remained squarely on the Federal Reserve’s latest and as policymakers held rates steady, with Fed Chair Powell not ruling out further hikes in December.

On the bond markets, rates eased back to 2-week lows at 4.734%.

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