Dow futures trade lower as tech earnings disappoint, Apple sheds 2.8%
By Oliver Gray
Investing.com - U.S. stock futures were trading lower during Thursday's evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports.
By 18:35 ET (23:35 GMT) Dow Jones futures were down 0.2%, S&P 500 futures fell 0.6%, and Nasdaq 100 futures were down 1.2%.
In extended deals, Apple (NASDAQ: AAPL ) shed 2.8% after the company reported Q1 EPS at $1.88 versus $1.94 expected, while revenues came in at $117.12 billion versus $121.88B expected.
Amazon (NASDAQ: AMZN ) fell 4.2% after reporting EPS of $0.03 versus $0.17 expected on revenues of $149.2B versus $145.64B expected.
Alphabet (NASDAQ: GOOGL ) shed 3.7% after reporting EPS of $1.05 versus $1.18 expected on revenues of $76.05B versus $76.07B expected.
Qualcomm (NASDAQ: QCOM ) fell 2.5% after reported EPS of $2.37 versus $2.36 expected, on revenues of $9.46B versus $9.6B expected.
Starbucks (NASDAQ: SBUX ) lost 2.2% after the company reported EPS of $0.75 versus $0.77 expected on revenues of $8.7B versus $8.78B expected.
Atlassian (NASDAQ: TEAM ) shed 13.4% after the company reported EPS of $0.45 versus $0.43 expected, on revenues of $872.7 million compared to analysts’ estimates of $877.18M.
Ahead in Friday’s session, market participants will be closely monitoring average hourly earnings , nonfarm payrolls , and unemployment rate data as well as the ISM services PMI . On the earnings front, companies including Sanofi (NASDAQ: SNY ), Cigna (NYSE: CI ), and Honda Motor (NYSE: HMC ) are set to report earnings results.
During Thursday’s regular trade, the Dow Jones Industrial Average fell 39 points or 0.1% to 34,054, the S&P 500 lifted 60.6 points or 1.5% to 4,179.8, and the Nasdaq Composite gained 384.5 points or 3.3% to 12,200.8.
On the bond markets, United States 10-Year rates were at 3.402%.
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