Dow futures trade lower, FedEx dips 3.2% after earnings

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Dow futures trade lower, FedEx dips 3.2% after earnings
Credit: © Reuters.

Investing.com - U.S. stock futures were trading slightly lower on Tuesday evening as market participants returned to trade after a public holiday, with major benchmark indices cooling from multimonth highs during the regular session.

By 18:55 ET (22:55 GMT), Dow Jones futures , S&P 500 futures , and Nasdaq 100 futures were down 0.1% apiece.

Analyze corporate earnings results with InvestingPro.

In extended deals, FedEx (NYSE: FDX ) dipped 3.2% after the company reported Q4 EPS of $4.94 versus $4.86 expected, while revenues were reported at $21.9 billion versus $22.59B expected. The company also forecasted FY2024 EPS in the range of $16.50-$18.50 versus $18.36 expected.

Ahead in Wednesday's trade, investors will be looking towards key speeches from the Fed's Powell , Cook , and Jefferson , as well as FOMC member Mester .

On the earnings front, companies including Winnebago Industries Inc (NYSE: WGO ) and KB Home (NYSE: KBH ) are set to release quarterly results.

During Tuesday's regular trade, the Dow Jones Industrial Average fell 245.3 points or 0.7% to 34,053.9, the S&P 500 lost 20.9 points or 0.5% to 4,388.7, and the Nasdaq Composite lost 22.3 points or 0.2% to 13,667.3.

Among data releases, housing starts and building permits came in above analyst expectations.

On the bond markets, United States 10-Year rates were at 3.727%.

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