Dow Futures Slip Following Positive Session

  • Stock Market News
Dow Futures Slip Following Positive Session

By Oliver Gray - U.S. stock futures dipped during Monday’s evening trade as investors remained cautious after major benchmark averages attempted to rebound during the regular session.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures were down 0.4%, S&P 500 Futures fell 0.8% and Nasdaq 100 Futures dipped 1.5%.

In extended deals, Snap Inc (NYSE: SNAP ) plunged 30.9% after warning that the company will miss its own targets for revenue and adjusted earnings in the current quarter due to a faster than expected deterioration of the macroeconomic environment. Pinterest Inc (NYSE: PINS ) and Meta Platforms Inc (NASDAQ: FB ) also fell 12.6% and 7.5% respectively after the report, while Alphabet Inc (NASDAQ: GOOGL ) and Twitter Inc (NYSE: TWTR ) fell 3.7% apiece.

Nautilus Group Inc (NYSE: NLS ) moved 16.3% lower after the company reported Q4 losses of 58 cents per share, in-line with market expectations, while revenue came in at $119.7 million versus $120.85 million expected.

Zoom Video Communications Inc (NASDAQ: ZM ) moved 6.2% higher after reporting Q1 EPS of $1.03 versus $0.87 expected, while for the quarter came in at $1.07 billion, in-line with market expectations.

Investors will be closely monitoring new home sales data and a speech from Fed Chair Powell while Nordstrom Inc (NYSE: JWN ), Best Buy Co Inc (NYSE: BBY ) and Ralph Lauren Corp (NYSE: RL ) are set to report earnings results.

During Monday’s regular trading session, the Dow Jones Industrial Average jumped 618 points, or nearly 2% to 31,880.3, the S&P 500 rose  72.4 points or 1.9% to 3,973.8 and the NASDAQ Composite gained 1.6% to 11,535.3.

Gains were led by heavyweight financial companies with JPMorgan Chase & Co (NYSE: JPM ) gaining 6.2% after raising its guidance for full-year net interest income. Bank of America Corp (NYSE: BAC ) lifted 6%, Citigroup Inc (NYSE: C ) gained 6.1% and Wells Fargo & Company (NYSE: WFC ) lifted 5.2%.

On the bond markets, United States 10-Year yields were at 2.86%.

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

Error: File type not supported

Drop an image here or


Related Articles