🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Dow futures lift after Fed rate hike, Meta surges 7% after earnings

Published 27/07/2023, 00:08
© Reuters.
US500
-
DJI
-
INTC
-
EBAY
-
MCD
-
NESN
-
MA
-
ESZ24
-
1YMZ24
-
NQZ24
-
CMG
-
IXIC
-
ALGN
-
US10YT=X
-
META
-
NSRGY
-

Investing.com - U.S. stock futures were trading in a mixed fashion on Wednesday evening, following mixed trade among major averages after the Federal Reserve decided to hike rates by a further 25 basis points, in line with market expectations, while investors monitored ongoing earnings results from major companies.

By 18:55 ET (22:55 GMT), Dow Jones futures dipped 0.2%, S&P 500 futures were flat, and Nasdaq 100 futures added 0.2%.

Get the latest earnings results with InvestingPro.

In extended deals, Meta Platforms Inc (NASDAQ:META) lifted 7% reporting Q2 EPS of $2.98 versus $2.91 expected, on revenues of $32 billion versus $31.08B expected. The company also forecasted Q3 2023 revenues in the range of $32B-$34.5B expected versus $31.2B expected.

EBay (NASDAQ:EBAY) dipped 4.8% after the company reported Q2 EPS of $1.03 versus $0.99 expected, while revenues came in at $2.5B versus $2.51B expected. The company forecasted Q3 2023 EPS in the range of $0.96-$$1.01 versus $0.92 expected and revenues in the range of $2.46B-$2.52B versus $2.23B expected.

Chipotle Mexican Grill (NYSE:CMG) fell 8.5% after reporting Q2 EPS of $12.65 versus $12.29 expected, with revenues reported at $2.5B versus $2.53B expected.

Align Technology (NASDAQ:ALGN) surged 12.4% after reporting Q2 EPS of $2.22 versus $2.04 expected, while revenues came in at $1B versus $992.76B expected.

Ahead in Thursday's trade, market participants will be closely watching fresh core durable goods orders, GDP data, pending home sales, and jobless claims.

Earnings are set to continue, featuring major companies Mastercard Inc (NYSE:MA), McDonald’s Corporation (NYSE:MCD), Intel Corporation (NASDAQ:INTC), and Nestlé (OTC:NSRGF).

During Wednesday's session, the Dow Jones Industrial Average added 82.1 points or 0.2% to 35,520.1, the S&P 500 finished flat at 4,566.7, and the Nasdaq Composite eased 17.3 points or 0.1% to 14,127.3.

On the bond markets, United States 10-Year rates were at 3.877%.

Latest comments

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.