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Dow futures decline, focus on earnings, FOMC minutes

AuthorOliver Gray
Published 02/20/2023, 06:32 PM
Updated 02/20/2023, 06:32 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Monday’s evening deals, with major benchmark averages remaining closed during the regular session for a public holiday.

By 18:30 ET (23:30 GMT) Dow Jones futures and S&P 500 futures fell 0.3% each, while Nasdaq 100 futures slipped 0.1%.

In extended deals, Nordson Corp (NASDAQ:NDSN) added 1.1% after the company reported Q1 EPS of $1.95 versus $1.98 expected on revenues of $610.48 million versus $622.98M expected.

Williams Companies Inc (NYSE:WMB) added 1.4% after reporting Q4 EPS of $1.82, beating expectations of $0.50, while revenue came in at $10.97 billion versus $2.89B expected.

HealthStream (NASDAQ:HSTM) reported Q4 EPS of $0.08 versus $0.05 expected on revenue of $68.54M versus $68.02M expected.

Ahead in the week, investors will be focused on the release of the FOMC’s latest meeting minutes where policymakers raised rates by 25 basis points.

On the earnings front, major retail companies including Walmart Inc (NYSE:WMT) and Home Depot Inc (NYSE:HD) are set to release results later on Tuesday.

On the bond markets, United States 10-Year rates were at 3.842%.

 

Latest comments

Sounds like a lot of people are getting short squeezed
Econ 101 for all moroms out there. Ya raise the funds rate above cpi rate. Its always been done this way. And the arthur burns idiotic failures from 1970-1981 says it all. Fed is doin same thing. You need ro raise 100 bp eveey meeting for the next year. Or we will continue hyper inflation. So rates should be at 7-8% riite now. But jp has zero bravery. And the market is crybabies along with all millenials amd gen x. You will all pay the piper any day. 2800 s&p. And 8-9k masdaq is still overvalued but better. We are thousands of points overvalued
From one of us “moroms” you might use grammer and spellcheck before calling others “moroms”.
 im sure you are moron..
FOMC meeting minutes is pointless because inflation skyrocketed after they were written. Market going to tank hard.
Here comes the fraud.
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