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

Dow Futures Trade Lower After Indices Extend Declines

Published 11/03/2022, 07:26 PM
Updated 11/03/2022, 07:26 PM
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages fell for the 4th consecutive session as a hawkish Federal Reserve sapped risk appetites, while investors look ahead to October’s nonfarm payrolls report set to be released later in Friday’s session.

By 19:20 ET (23:20 GMT) Dow Jones Futures and S&P 500 Futures were down 0.2% apiece, while Nasdaq 100 Futures fell 0.1%.

In extended deals, Atlassian (NASDAQ:TEAM) shed 23.4% after reporting Q1 EPS of $0.36, versus $0.40 expected, while revenue came in at $807 million versus $806.35 million expected.

Cloudflare (NYSE:NET) shed 14.4% after the company reported Q3 EPS of $0.06, above expectations of $0.00, while revenue came in at $253.9 million versus $250.63 million expected.

Block Inc (NYSE:SQ) lifted 13.4% after reporting Q3 EPS of $0.42, above expectations of $0.24, while revenue was reported at $4.52 billion versus $4.52 billion expected.

DoorDash Inc (NYSE:DASH) lifted 10.8% after reporting Q3 losses of $0.77 per share, worse than expected losses of $0.55. Revenue came in at $1.7 billion versus $1.62 billion expected.

PayPal (NASDAQ:PYPL) fell 9.2% after reporting Q3 EPS of $1.08, above expectations of $0.96, while revenue was reported at $6.85 billion versus $6.82 billion expected.

Starbucks (NASDAQ:SBUX) lifted 2%, after reporting Q4 EPS of $0.81 versus $0.73 expected on revenues of $8.4 billion versus $8.33 billion expected.

Ahead in Friday’s session, fresh nonfarm payrolls data will be closely monitored amid expectations of 200,000 jobs added last month and an unemployment rate of 3.5%. Meantime, earnings results from companies including AMC Networks (NASDAQ:AMCX) will also be closely watched.

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

During Thursday’s regular trade, the Dow Jones Industrial Average lost 146.5 points or 0.5% to 32,001.3, the S&P 500 fell 39.8 points or 1.1% to 3,719.9, and the NASDAQ Composite dipped 181.9 points or 1.7% to 10,342.9.

On the bond markets, United States 10-Year rates were at 4.149%.

 

Latest comments

Next week will be greener.
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.