Dow futures retreat, Carvana down 3.8% after earnings

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Dow futures retreat, Carvana down 3.8% after earnings
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Thursday’s evening deals, after major benchmark indices finished in positive territory.

By 18:50 ET (23:50 GMT) Dow Jones futures and S&P 500 futures were down 0.2%, while Nasdaq 100 futures declined 0.3%.

In extended deals, Carvana Co (NYSE: CVNA ) dipped 3.8% after reporting losses of $7.61 per share versus expected losses of $2.12, while revenues came in at $2.84 billion versus $3.07B expected.

Beyond Meat (NASDAQ: BYND ) added 13.1% after reporting Q4 losses of $1.05 per share versus expected losses of $1.18 per share, while revenue was reported at $79.9 million versus $75.92M expected.

Block Inc (NYSE: SQ ) added 6.7% after reporting Q4 EPS of $0.22 versus $0.30 expected on revenues of $4.65B versus $4.62B.

Meantime, Boeing Co (NYSE: BA ) shed 2.7% after temporarily halting 787 Dreamliner Jet deliveries due to a fuselage issue.

Ahead in Friday’s session, investors will be looking ahead to the PCE price index , personal income , personal spending , new home sales data, the Michigan consumer expectations and sentiment surveys, as well as speeches from Fed Governor Jefferson and the FOMC’s Mester .

During Thursday’s regular session, the Dow Jones Industrial Average added 108.8 points or 0.3% 33,153.9, the S&P 500 gained 21.3 points or 0.5% to 4,012.3, and the NASDAQ Composite added 83.3 points or 0.7% to 11,590.4.

On the bond markets, United States 10-Year yields were at 3.883%.

 

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