Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Dow Futures Tick Lower as Powell's Speech Looms

Published 08/25/2022, 07:12 PM
Updated 08/25/2022, 07:12 PM
© Reuters.

By Oliver Gray

Investing.com - U.S. stock futures were trading flat during Thursday’s evening deals, after major benchmark indices extended gains for the second consecutive session as investors looked ahead to Federal Reserve Chair Jerome Powell’s speech during the Jackson Hole economic Symposium.

By 19:00 ET (23:00 GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower.

In extended deals, Dell Technologies (NYSE:DELL) fell 5.5% after reporting Q2 EPS of $1.68, above estimates of $1.64. Revenue for the quarter came in at $26.43 billion versus the consensus estimate of $26.61 billion.

Gap Inc (NYSE:GPS) added 6.3% after reporting Q2 EPS of $0.08, beating expected losses of $0.05 per share, while revenue came in at $3.86 billion versus $3.82 billion.

Workday (NASDAQ:WDAY) lifted 10.9% as the company reported Q2 EPS of $0.83, beating expectations of $0.79. Revenue came in at $1.54 billion versus $1.52 billion expected.

Ulta Beauty (NASDAQ:ULTA) lifted 3.4% as the company reported Q2 EPS of $5.69, above expectations of $4.9 on revenues of $2.3 billion versus $2.19 billion.

Affirm Holdings Inc (NASDAQ:AFRM) tanked 14.2%, reporting Q4 losses of $0.65 per share, in-line expectations, while revenue was reported at $364.13 million versus $354.66 million expected.

During Thursday’s regular session, the Dow Jones Industrial Average added 322.6 points or 1% to 33,291.8, the S&P 500 gained 58.4 points or 1.4% to 4,199.1, and the NASDAQ Composite lifted 207.7 points or 1.7% to 12,639.3.

On the bond markets, United States 10-Year rates were at 3.031%.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Powell bring inflation in world
lying asses everyone losing in this bull *****market...crash coming
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.