Dow futures fall on inflation fears, Doordash pops 5.2% after earnings
By Oliver Gray
Investing.com - U.S. stock futures were trading lower during Thursday’s evening trade, after major benchmark averages finished lower as higher than expected producer price index data sparked inflation worries among market participants.
By 18:55 ET (23:55 GMT) Dow Jones futures fell 0.2%, S&P 500 futures lost 0.3%, and Nasdaq 100 futures were down 0.4%
In extended deals, DoorDash Inc (NYSE: DASH ) added 5.2% after reporting Q4 losses of $1.65 per share versus expected losses of $0.67 per share, while revenue came in at $1.82 billion versus $1.77B expected.
HubSpot (NYSE: HUBS ) popped 11.7% after the company reported Q4 EPS of $1.11 versus $0.83 expected. Revenue was reported at $469.7 million versus $446.25M.
DraftKings (NASDAQ: DKNG ) lifted 4.6% after reporting Q4 losses of $0.53 per share versus expected losses of $0.61. Revenue was reported at $855M versus $798.23M expected.
Ahead in Friday’s session, investors will be looking toward fresh import and export price data as well as speeches from the FOMC’s Barkin and Bowman .
During Thursday’s session, the Dow Jones Industrial Average shed 431.20 points, or 1.3% to 33,696.9, the S&P 500 fell 57.2 points or 1.4% to 4,090.4, and the Nasdaq Composite shed 214.8 points or 1.8% to 11,855.8.
On the bond markets, United States 10-Year rates were at 3.863%.
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