By Oliver Gray
Investing.com - U.S. stock futures were trading flat during Tuesday’s evening deals, after major benchmark indices extended declines for the third consecutive session as investors continued their retreat following Jerome Powell’s hawkish rhetoric at last week’s Jackson Hole Symposium.
PVH Corp. (NYSE: PVH ) dipped 3.3% after reporting Q2 EPS of $2.08, above expectations of $2.00 while revenue came in at $2.13 billion versus $2.21 billion expected. The company also announced a 10% reduction of its workforce in global offices.
ChargePoint Holdings Inc (NYSE: CHPT ) added 1.5% after reporting Q2 losses of $0.28 per share, smaller than expected losses of $0.22 per share. Q2 revenues came in at $81.63 million versus $76.1 million expected.
On the data front, CB consumer confidence came in above expectations at 103.2, up from last month’s reading of 95.3, while JOLTs Job Openings also surprised to the upside, lifting to 11.239 million, above forecasts of 10.475 million and lifting from last’s month’s 11.040 million.
On the bond markets, United States 10-Year rates were at 3.112%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.