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Dow futures flat, Asana pops 28.2% after earnings

Published 03/08/2023, 06:50 PM
Updated 03/08/2023, 06:50 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Wednesday evening, after benchmark averages finished mixed as stronger than expected ADP Nonfarm Employment and JOLTs Job Openings data boosted speculation of stronger interest rate rises from Federal Reserve policymakers.

By 18:45 ET (23:45GMT) Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each trading within a range of 0.1%.

In extended deals,  Asana (NYSE:ASAN) popped 28.2% after reporting Q4 losses of $0.15 per share versus expected losses of $0.27 per share, while revenue was reported at $150.2 million versus $145.08 million expected. The company also forecasted Q1 2024 losses in the range of  $0.19-$0.18 versus predicted losses of $0.23, while revenues are forecasted at $150 million-$151 million versus $149.97 million expected.

MongoDB (NASDAQ:MDB) dipped 9.9% after the company reported Q4 EPS of $0.57, beating analyst estimates of $0.07 on revenues came in at $361.3M versus $339.31M expected.

OptimizeRx (NASDAQ:OPRX) fell 17.8%, reporting Q4 EPS of $0.25 versus $0.24 expected, while revenue was reported at $19.7M versus $21.77M expected.

Ahead in Thursday's trade, nonfarm payrolls and a speech from Fed Vice Chair Barr will be closely monitored by market participants, while companies including BJs Wholesale Club Holdings (NYSE:BJ), Oracle (NYSE:ORCL), Ulta Beauty (NASDAQ:ULTA),  JD.com (NASDAQ:JD), and DocuSign (NASDAQ:DOCU) are slated to release earnings results.

During Wednesday's regular session, the Dow Jones Industrial Average fell 58.1 points or 0.2% to 32,798.4, the S&P 500 added 5.6 points or 0.1% to 3,992, and the Nasdaq Composite gained 45.7 points or 0.4% to 11,576.

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On the bond markets, United States 10-Year rates were at 3.989%.

 
 

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