Dow Futures Remain Flat as Indices Extend Losses

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Dow Futures Remain Flat as Indices Extend Losses
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were little changed during Tuesday’s evening deals, as investors continued to retreat while United States 10-Year bond yields rose to 4-month highs.

By 19:20 ET (23:20 GMT) Dow Jones Futures and S&P 500 Futures remained little changed, while Nasdaq 100 Futures declined 0.1%.

In extended deals, UiPath Inc (NYSE: PATH ) fell 16.4% after the company reported Q2 losses of $0.02, better than expected losses of $0.11 per share. Revenue came in at $242.2 million versus $230.64 million expected.

Coupa Software (NASDAQ: COUP ) added 13.1% after reporting Q2 EPS of $0.20 versus $0.09 expected while revenue was reported at $211 million versus $203.83 million expected.

Guidewire Software (NYSE: GWRE ) fell 0.3% after reporting Q4 EPS of $0.03, better than expected losses of $0.01 per share. Revenue for the quarter came in at $244.6 million versus $229.57 million expected.

Ahead during Wednesday’s session, Federal Reserve is set to release its summary of current economic conditions, in its Beige Book , while Mester and Brainard are scheduled to speak at various events.

During Tuesday’s session, the Dow Jones Industrial Average fell about 173.1 points or 0.6% to 31,145.3, the S&P 500 lost 16.1 points or 0.4% to 3,908.2, and the NASDAQ Composite dropped 86 points or 0.7% to 11,544.9, posting its first 7-session losing streak since 2016.

On the bond markets, United States 10-Year yields were at 4-month highs of 3.351%.

 

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