Dow futures down 0.1%, Virgin Orbit tanks 41.2% after-hours

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Dow futures down 0.1%, Virgin Orbit tanks 41.2% after-hours
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading in a tight range during Thursday's evening deals, after benchmark indices posted the second session of gains as rising jobless claims data boosted bets of a Fed rate slowdown.

By 18:30 ET (22:30 GMT) Dow Jones futures and Nasdaq 100 futures ticked 0.1% lower while S&P 500 futures traded flat.

In extended deals, Virgin Orbit Holdings Inc (NASDAQ: VORB ) tanked 41.2% after the company announced a workforce reduction of 85% of the company’s workforce in order to reduce expenses.

Y-mAbs Therapeutics (NASDAQ: YMAB ) added 13.7%, reporting Q4 EPS of $0.03, beating expected losses of $0.44 per share, while revenue came in at $31.5 million versus $20.35M expected.

Rumble Inc (NASDAQ: RUM ) added 18.4% after reporting Q4 EPS of $0.00 versus expected losses of $0.01 per share on revenues of $20M versus $10.18M expected.

Ahead in Friday's session, market participants will be closely watching the release of the core PCE price index , Chicago PMI , Michigan consumer sentiment and expectations , as well as speeches from FOMC member Williams and Fed governor Cook .

During Thursday's regular trade, the Dow Jones Industrial Average added 141.4 or 0.4% to 32,859, the S&P 500 added 23 points or 0.6% to 4,050.8, and the Nasdaq Composite added 87.2 points or 0.7% to 12,013.5.

On the bond markets, United States 10-Year rates were at 3.547%.


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