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Dow futures little changed, Disney sheds 6.3% after results

Published 11/08/2022, 06:32 PM
© Reuters.

By Oliver Gray - U.S. stock futures were trading steady during Tuesday’s evening deals, after major benchmark indices rallied for the third consecutive session as market participants look toward midterm election results.

By 18:25 ET (23:25 GMT) Dow Jones Futures were trading flat, while S&P 500 Futures advacned 0.1%, and Nasdaq 100 Futures gained 0.2%.

In extended deals, Walt Disney (NYSE:DIS) fell 6.3% after reporting Q4 EPS of $0.30 versus $0.59 expected on revenues of $20.15 billion versus $21.38B expected.

Lucid Group Inc (NASDAQ:LCID) shed 10.9% after the company reported Q3 losses of $0.40, greater than expected losses of $0.32, while revenue came in at $195.5 million versus $210.69M expected.

CarGurus (NASDAQ:CARG) tumbled 21.2% after reporting Q3 EPS of $0.21 versus $0.26 expected on revenues of $426.5M versus $466.58M expected.

Axon Enterprise Inc (NASDAQ:AXON) lifted 8.7% after reporting Q3 EPS of $0.60, better than $0.49 expected, while revenue came in at $311.75M versus $279.9M expected.

During Tuesday’s regular trade, the Dow Jones Industrial Average added 333.8 points or 1% to 33,160.8, the S&P 500 gained 21.3 points or 0.6% to 3,828.1, and the NASDAQ Composite lifted 51.7 points or 0.5% to 10,616.2.

On the bond markets, United States 10-Year rates were at 4.128%.

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