Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Dow Futures Little Changed Ahead of Key Inflation Data

Stock Markets May 10, 2022 06:46PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Oliver Gray 

Investing.com - U.S. stock futures were little changed during Tuesday’s evening deals after major benchmark averages finished the regular session lower amid volatile conditions as investors look ahead to key inflation data later in the session.

by 6:45pm ET (10:45pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading flat.

In extended deals, Coinbase Global Inc (NASDAQ:COIN) shed 16.6% after reporting results. The company reported Q1 losses of $1.98 per share, $2.03 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $1.17 billion versus $1.5 billion expected.

Unity Software Inc (NYSE:U) tanked 27.3% after reporting losses per share of 8 cents versus 9 cents expected, while revenue came in at $320.1 million versus $321.35 million expected.

Roblox Corp (NYSE:RBLX) moved 3.8% lower after results, with Q1 losses of 27 cents per share versus analyst estimates of 20 cents, while revenues came in at $537.1 million versus $657.4 million expected.

Electronic Arts Inc (NASDAQ:EA) gained 2.4% after reporting as Q4 EPS came in at 80 cents versus $1.44 expected while quarterly revenue came in at $1.75 billion versus $1.77 billion expected.

Inovio Pharmaceuticals Inc (NASDAQ:INO) dropped 19.7% as the company reported Q1 losses of 36 cents per share, $0.02 worse than estimates of 34 cents. Revenue for the quarter came in at $199 thousand versus $670 thousand expected.

Market participants will be closely focused on the release of April’s consumer price index Wednesday morning after last month’s reading came in at 8.5%, the highest levels since December 1981. Economists are expecting a slightly cooler reading of 8.1% in April.

Investors are also looking to earnings reports from companies including Toyota Motor Corporation (NYSE:TM), Walt Disney Company (NYSE:DIS) and Beyond Meat Inc (NASDAQ:BYND).

During Tuesday’s regular trade, the Dow Jones Industrial Average dipped 84.96 points to 32,160.74, or 0.26%. The S&P 500 inched 0.25% higher to 4,001.05, and the NASDAQ Composite gained 0.98% to close at 11,737.67.

On the bond markets, United States 10-Year yields eased to 2.989%.

Dow Futures Little Changed Ahead of Key Inflation Data
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Ji JaaN
Ji JaaN May 10, 2022 8:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what is the expecting price today?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email