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

  • Investing.com
  • Stock Market News
Dow futures down 0.1%, Virgin Orbit tanks 41.2% after-hours
Credit: © Reuters.

By Oliver Gray 

Investing.com - 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%.

 
 

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles