Dow futures tick higher, Gitlab surges 20% after earnings

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Dow futures tick higher, Gitlab surges 20% after earnings
Credit: © Reuters.

By Oliver Gray 

Investing.com - 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 stronger than expected ISM non-manufacturing data strengthened the case for larger rate hikes at the Federal Reserve’s December meeting.

By18:25 ET (23:25 GMT) Dow Jones Futures , S&P 500 Futures , and Nasdaq 100 Futures were each trading 0.1% higher.

In extended deals, GitLab Inc (NASDAQ: GTLB ) added 20.4% after reporting Q3 losses of $0.10 per share versus expected losses of $0.15 per share, while revenue came in at $113 million versus $106.04 million expected.

Sumo Logic Inc (NASDAQ: SUMO ) added 11.7% after the company reported Q3 losses of $0.04 per share versus expected losses of $0.15 per share, while revenue was reported at $79 million versus $74.21 million expected.

Ahead in Tuesday’s session, market participants will be monitoring trade balance data as well as fresh earnings results from Smith & Wesson Brands Inc (NASDAQ: SWBI ) and Stitch Fix (NASDAQ: SFIX ).

During Monday’s regular session, the Dow Jones Industrial Average lost 482.8 points or 1.4% to 33,947.1, the S&P 500 fell 72.9 points or 1.8% to 3,998.8 and the NASDAQ Composite shed 221.6 points or 1.9% to 11,239.9.

On the bond markets, United States 10-Year rates were at 3.583%.

 
 
 

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  • Gaur Av @Gaur Av
    Singapur Fii have bought Ce so They are pumping into morning...
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