Dow futures trade flat, Powell’s speech in focus

  • Stock Market News
Dow futures trade flat, Powell’s speech in focus
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading flat during Tuesday’s evening deals following a mixed regular session as market participants await a key speech from Federal Reserve Chair Jerome Powell for further clues into the path of future rate hikes.

By 18:25 ET (23:25 GMT) Dow Jones Futures and S&P 500 Futures were steady while Nasdaq 100 Futures eased 0.1%.

In extended deals, Hewlett Packard Enterprise Co (NYSE: HPE ) reported Q4 EPS of 57 cents, in line with expectations, on revenue of $7.87 billion versus $7.4B expected.

Ahead in Wednesday’s session, investors will be focusing on ADP private payrolls , JOLTS Job Openings and pending home sales data, as well as the Federal Reserve’s Beige Book .

On the earnings front, results from Petco Health and Wellness Company Inc (NASDAQ: WOOF ), Salesforce Inc (NYSE: CRM ) and Five Below Inc (NASDAQ: FIVE ) will be closely monitored.

During Tuesday’s regular trade, the Dow Jones Industrial Average finished little changed at 33,852.5, the the S&P 500 fell 6.3 points or 0.2% to 3,957.6,and the NASDAQ Composite dipped 65.7 points or 0.6% to 10,983.8.

On the bond markets, United States 10-Year rates were at 3.75%.


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