Dow futures flat after negative session, China’s COVID protests weigh

  • Stock Market News
Dow futures flat after negative session, China’s COVID protests weigh
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark indices finished the regular session lower as growing protests in China dampened investor sentiment and saw crude oil prices extended losses ahead of key economic releases and Fed speeches throughout the week.

By 18:40 ET (23:40 GMT) Dow Jones Futures , S&P 500 Futures , and Nasdaq 100 Futures were trading within a range of 0.05%.

In extended deals, Pinduoduo (NASDAQ: PDD ) added 0.3% after reporting EPS of $8.62 versus $4.79 expected while revenues came in at $35.5 billion versus $30.71B expected.

Meantime, Azek Company Inc (NYSE: AZEK ) fell 8% after reporting Q4 EPS of $0.16 versus $0.18 expected on revenue of $304.6 million versus $288.91M expected.

Ahead in Tuesday’s session, market participants will be monitoring the S&P/Case-Shiller Home Price Index as well as the latest CB consumer confidence reading.

Meanwhile, earnings results from HP Inc (NYSE: HPQ ) will also be closely monitored.

During Monday’s regular trade, the Dow Jones Industrial Average lost 497.6 points or 1.5% to 33,849.5, the S&P 500 fell 62.2 points or 1.5% to 3,964, and the NASDAQ Composite lost 176.9 points or 1.6% to 11,049.5.

On the bond markets, United States 10-Year rates were at 3.679%.


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