Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Dow Futures Slip as Major Indices Snap Rally

Stock Markets Aug 17, 2022 07:06PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters
 
US500
+3.06%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+2.80%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CSCO
+2.22%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AMAT
+3.66%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ROST
+3.98%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
EL
+3.73%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Oliver Gray

Investing.com - U.S. stock futures traded lower during Wednesday's evening deals, after major benchmark indices snapped a 5-day rally with risk sentiment souring as Federal Reserve policymakers indicated further rate rises to combat inflation.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures and S&P 500 Futures fell by 0.1% apiece while Nasdaq 100 Futures declined 0.2%.

In extended deals, Wolfspeed Inc (NYSE:WOLF) added 18.6% after reporting Q4 losses of $0.02 per share, better than expected losses of $0.10 per share. Revenue came in at $228.5 million versus $209.31 million expected.

Cisco Systems (NASDAQ:CSCO) added 4.5% after reporting Q4 EPS of $0.83 versus $0.82 expected on revenue of $13.1 billion versus $12.73 billion expected.

Bath & Body Works Inc. (NYSE:BBWI) dipped 2.1% after reporting Q2 EPS of $0.52, above estimates of $0.44, while revenues came in at $1.62 billion, in-line with expectations.

Ahead in the session, market participants will be focused on weekly jobless claims, the Philly Fed manufacturing index and existing home sales, while earnings results from Applied Materials Inc (NASDAQ:AMAT), Kohls Corp (NYSE:KSS), Tapestry Inc (NYSE:TPR), Estee Lauder Companies Inc (NYSE:EL) and Ross Stores Inc (NASDAQ:ROST) will be closely monitored.

During Wednesday’s regular trade, the Dow Jones Industrial Averagefell 171.7 points or 0.5% to 33,980.3, the S&P 500 declined 31.2 points or 0.7% to 4,274 and the NASDAQ Composite dipped 164.4 points or 1.3% to 12,938.1.

Risk sentiment soured throughout the session following the release of the Federal Reserve’s latest meeting minutes, with policymakers expected to keep raising interest rates in order to fight inflation, indicating that the pace of tightening may be adjusted based on market conditions.

On the bond markets, United States 10-Year rates were at 2.902%.

Dow Futures Slip as Major Indices Snap Rally
 

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 (2)
Bhagwan Dass
Bhagwan Dass Aug 17, 2022 10:48PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
big devil president Biden in world
Tom Michaels
Tom Michaels Aug 17, 2022 8:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Waaaaa, it's all manipulated. Their setting the stage for red tomorrow, early.
 
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