Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dow futures little changed amid weakening data, earnings in focus

Published 18/01/2023, 23:57
Updated 18/01/2023, 23:57
© Reuters.

© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures remained little changed during Wednesday’s evening trade, after major benchmark averages finished lower as investors digested weakening economic data and a slew of fresh earnings results.

By 18:40 ET (23:40 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading within a range of 0.1%.

In extended deals, Discover Financial Services (NYSE:DFS) fell 6.2% after reporting Q4 EPS of $3.77 versus $3.65 expected, while revenue was reported at $3.73 billion versus $3.67B expected.

Alcoa Corp (NYSE:AA) lost 4.3% after the company reported Q4 losses of $0.70 per share, worse than expected losses of $0.67, while revenue came in at $2.7 billion versus $2.66B expected.

H.B. Fuller Company (NYSE:FUL) fell 3.9%, reporting Q4 EPS of $1.04 versus $1.24 expected, while revenue came in at $960 million versus $1.01B expected.

Ahead in Thursday’s session, investors will be monitoring U.S. building permitsPhiladelphia Fed manufacturing index, initial jobless claims, and housing starts, while the Fed’s Collins, Brainard, and FOMC member Williams are also set to deliver speeches.

On the earnings front, major companies including Procter & Gamble Company (NYSE:PG), Netflix Inc (NASDAQ:NFLX), and Truist Financial Corp (NYSE:TFC) are set to deliver earnings results on Thursday.

During Wednesday’s regular trade, Dow Jones Industrial Average fell 613.9 points or 1.8% to 33,297, the S&P 500 fell 62.1 points or 1.6% to 3,928.9, posting its worst daily decline in 4 weeks, while the Nasdaq Composite lost 138.1 points or 1.2% to 11,957.

On the bond markets, United States 10-Year rates fell to fresh 4-month lows of 3.379%.

 

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.