Dow futures trade flat, China’s COVID spike in focus

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Dow futures trade flat, China’s COVID spike in focus
Credit: © Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were trading steady during Monday’s evening deals, after major benchmark indices finished the regular session lower as market participants remained cautious after reports of China’s first COVID-related deaths since May stoked fears of fresh restrictions, while earnings results were also closely watched.

By 18:30 ET (23:30 GMT), Dow Jones Futures , S&P 500 Futures , and Nasdaq 100 Futures were each trading flat.

In extended deals, Dell Technologies (NYSE: DELL ) lost 2.1% after reporting Q3 EPS of $2.30, above expectations of $1.61, while revenue came in at $24.7 billion versus $24.4 billion.

Zoom (NASDAQ: ZM ) fell 7% after the company reported Q3 EPS of $1.07 versus $0.83 expected on revenue of $1.1 billion versus $1.09 billion expected.

Agilent Technologies (NYSE: A ) added 4% after reporting Q4 EPS of $1.53, above $1.38 expected, while revenue was reported at $1.85 billion versus $1.76 billion expected.

Urban Outfitters (NASDAQ: URBN ) lifted 2.5% after reporting Q3 EPS of $0.40 versus $0.42 expected, while revenues came in at $1.18 billion versus $1.16 billion expected.

Ahead in Tuesday’s session, investors will be closely monitoring speeches from Fed officials Mester , George , and Bullard , while the Richmond Manufacturing and Services indices are also set to be released.

On the earnings front, market participants will be watching for results from Best Buy Co Inc (NYSE: BBY ), Helmerich & Payne Inc (NYSE: HP ), Dollar Tree Inc (NASDAQ: DLTR ), and Nordstrom Inc (NYSE: JWN ).

During Monday’s regular trade, the Dow Jones Industrial Average fell 45.4 points or 0.1%, to 33,700.3, the S&P 500 fell 15.4 points or 0.4% to 3,949.94, and the NASDAQ Composite lost 121.6 points or 1.1% to 11,024.5.

On the bond markets, United States 10-Year rates were at 3.84%.

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