Dow futures trade flat, CrowdStrike lifts 5.5% after earnings

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Dow futures trade flat, CrowdStrike lifts 5.5% after earnings
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were little changed on Tuesday, after a negative session among major benchmark averages as investors retreated following Federal Reserve Chairman Jerome Powell's latest hawkish comments .

By 18:30 ET (23:30 GMT) Dow Jones futures , S&P 500 futures , and Nasdaq 100 futures were each trading within a range of 0.1%.

In extended deals, CrowdStrike Holdings (NASDAQ: CRWD ) added 5.5% after the company reported Q4 EPS of $0.47 versus $0.43 on revenues of $637.4 million versus $624.77M expected. The company also forecasted Q1 2024 EPS of $0.50-$0.51 versus estimates of $0.43, with revenues in the range of $674.9M-$678.2M.

Stitch Fix (NASDAQ: SFIX ) dipped 5.2% after reporting Q2 losses of $0.58 per share versus losses of $0.34 per share expected, with revenue coming in at $412.1 million versus $413.24 million expected.

Rigel Pharma (NASDAQ: RIGL ) gained 19% after the company reported Q4 EPS of $0.01 versus expected losses of $0.09 per share, while revenue was reported at $51.3 million versus $36.52 million expected.

Arlo Technologies (NYSE: ARLO ) lifted 10.6% after reporting Q4 losses of $0.04 per share versus expected losses of $0.10 per share, while revenue came in at $118.5 million versus $107.44 million expected.

Ahead in Wednesday's trade, market participants will be closely monitoring Powell's speech as well as ADP nonfarm employment , trade balance , JOLTs job openings , and the Fed's Beige Book .

In Tuesday's regular session, the Dow Jones Industrial Average lost 575 points or 1.7% to 32,856.5, the S&P 500 dipped 62.1 points or 1.5% to 3,986.4, and the Nasdaq Composite fell 145.4 points or 1.3% to 11,530.3.

On the bond markets, United States 10-Year rates were at 3.97%.

 
 

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