DOW under pressure due to banking crisis
2023.03.15 21:00
DOW under pressure due to banking crisis
By Tiffany Smith
Budrigannews.com – During the evening trading on Wednesday, U.S. stock futures were fluctuating amid growing concerns of a widespread banking crisis as Credit Suisse (SIX:) Company (NYSE:) failed 30% during the ordinary meeting after Saudi Public Bank precluded further venture.
By 6:40 p.m. ET (10:40 p.m. GMT), they were unchanged, slightly higher, and up 0.2 percent.
Adobe Systems (NASDAQ:) has extended deals that added 4.6% following Q1 EPS of $3.80, which was higher than the expected $3.68, on revenues of $4.66 billion, up from $4.62 billion. Compared to the consensus estimate of $4.76 billion, the company anticipated Q2 2023 revenues of $4.75-4.78 billion and EPS of $3.75-$3.80.
NASDAQ: LivePerson Inc. decreased by 38.7%, with Q4 EPS losses of $0.55 per share in comparison to estimates of $0.12, and revenue of $122.5 million in comparison to $126.93 million.
The Uipath Inc. added 12.6% following the company’s $0.15 EPS in Q4 versus the $0.06 expected on $308.5 million in revenue versus the $278.64 million expected.
Investors will be keeping an eye on preliminary data, price index data, weekly data, and the before Thursday’s trade.
The dropped 280.8 points, or 0.9 percent, to 31,874.6 during the regular session on Wednesday, lost 27.4 points, or 0.7 percent, to 3,891.9, and gained 5.9 points, or 0.1 percent, to 11,434.1.
The yields on the bond markets were 3.462%.
