Please try another search
© Reuters
By Oliver Gray
Investing.com - U.S. stock futures dipped during Monday’s evening trade as investors remained cautious after major benchmark averages attempted to rebound during the regular session.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures were down 0.4%, S&P 500 Futures fell 0.8% and Nasdaq 100 Futures dipped 1.5%.
In extended deals, Snap Inc (NYSE:SNAP) plunged 30.9% after warning that the company will miss its own targets for revenue and adjusted earnings in the current quarter due to a faster than expected deterioration of the macroeconomic environment. Pinterest Inc (NYSE:PINS) and Meta Platforms Inc (NASDAQ:FB) also fell 12.6% and 7.5% respectively after the report, while Alphabet Inc (NASDAQ:GOOGL) and Twitter Inc (NYSE:TWTR) fell 3.7% apiece.
Nautilus Group Inc (NYSE:NLS) moved 16.3% lower after the company reported Q4 losses of 58 cents per share, in-line with market expectations, while revenue came in at $119.7 million versus $120.85 million expected.
Zoom Video Communications Inc (NASDAQ:ZM) moved 6.2% higher after reporting Q1 EPS of $1.03 versus $0.87 expected, while for the quarter came in at $1.07 billion, in-line with market expectations.
Investors will be closely monitoring new home sales data and a speech from Fed Chair Powell while Nordstrom Inc (NYSE:JWN), Best Buy Co Inc (NYSE:BBY) and Ralph Lauren Corp (NYSE:RL) are set to report earnings results.
During Monday’s regular trading session, the Dow Jones Industrial Average jumped 618 points, or nearly 2% to 31,880.3, the S&P 500 rose 72.4 points or 1.9% to 3,973.8 and the NASDAQ Composite gained 1.6% to 11,535.3.
Gains were led by heavyweight financial companies with JPMorgan Chase & Co (NYSE:JPM) gaining 6.2% after raising its guidance for full-year net interest income. Bank of America Corp (NYSE:BAC) lifted 6%, Citigroup Inc (NYSE:C) gained 6.1% and Wells Fargo & Company (NYSE:WFC) lifted 5.2%.
On the bond markets, United States 10-Year yields were at 2.86%.
By Zhang Mengying Investing.com – Asia Pacific stocks were up on Monday morning after Wall Street rebounded strongly at the end of last week despite fears of prolonged inflation...
By Kevin Buckland and Sam Byford TOKYO (Reuters) - Stocks gained in Asia on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil...
By Oliver Gray Investing.com - U.S. stock futures were trading lower during Sunday's evening deals, easing from a major rebound last week as investors monitored growing recession...
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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
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.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.