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selma kaupu
May 10, 2023 4:31AM ET
Its definitely a sell
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Dow futures flat, Airbnb sheds 11.4% after earnings
Published May 09, 2023 07:08PM ET
© Reuters.
Investing.com - U.S. stock futures slightly higher in Tuesday's overnight trading, following a negative session among benchmark averages with traders digesting a fresh batch of earnings results ahead of Wednesday's key inflation report.
By 18:35 ET (22:35 GMT) Dow Jones futures, S&P 500 futures, Nasdaq 100 futures were each trading in a range of 0.1%.
Analyze Q1 corporate earnings season with InvestingPro.
In extended deals, Airbnb Inc (NASDAQ:ABNB) fell 11.2%, reporting Q1 EPS of $0.18 versus $0.20 expected, while revenue for the quarter was reported at $1.8 billion versus $1.79B expected.
Rivian Automotive Inc (NASDAQ:RIVN) added 5.5%, reporting Q1 losses of $1.25 per share versus expected losses of $1.61 per share, while revenue came in at $661 million versus $655.51M expected.
Twilio (NYSE:TWLO) fell 14.3% after the company reported Q1 EPS of $0.47 versus $0.21 expected, while revenue came in at $1.01B versus $1B expected.
Upstart Holdings (NASDAQ:UPST) added 41.9%, reporting Q1 losses of $0.47 per share versus expected losses of $0.82 per share. Revenue came in at $103M versus $99.72M.
Ahead in Wednesday's trade, key CPI data will be in focus as market participants attempt to gauge the future path of interest rates.
Earnings season also continues with results expected from Walt Disney Company (NYSE:DIS), Roblox Corp (NYSE:RBLX), and Robinhood (NASDAQ:HOOD).
During Tuesday’s regular session, the Dow Jones Industrial Average lost 56.9 points or 0.2% to 33,561.8, the S&P 500 fell 19 points or 0.5% to 4,119.2, and the Nasdaq Composite dipped 77.4 points or 0.6% to 12,179.6.
On the bond markets, United States 10-Year rates were at 3.524%.
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Comments (3)
Mighty Bear
May 10, 2023 12:24AM ET
Expect sell off
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Sandeep Pa
May 09, 2023 7:27PM ET
👍
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