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Dow futures slip as Tesla, Netflix report

Published 20/07/2023, 00:08
© Reuters.

Investing.com - Dow futures were trading lower during Wednesday's evening deals, after major benchmark averages extended fresh 15-month highs, with traders digesting quarterly earnings results from major companies throughout the session.

By 19:00 ET (23:00 GMT), Dow Jones futures were down 0.2%, S&P 500 futures lost 0.3%, and Nasdaq 100 futures tumbled 0.7%.

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In extended deals, Tesla Inc (NASDAQ:TSLA) moved 4% lower after the company reported Q2 EPS of $0.91 versus $0.79 expected, while quarterly revenue came in at a record-high of $24.93 billion versus $24.29B expected.

Netflix (NASDAQ:NFLX) dipped 8.4%, reporting Q2 EPS of $3.29 versus $2.84 expected on revenues of $8.19B versus $8.27B expected.

United Airlines Holdings Inc (NASDAQ:UAL) added 3.1% after the company reported Q2 EPS of $5.03 versus $3.98 expected, while revenue for the quarter came in at $14.2B versus $13.9B expected.

Discover Financial Services (NYSE:DFS) tanked 11.9%, reporting Q2 EPS of $3.54 versus $3.72 expected, while revenue came in at $3.88B, in-line with expectations.

Ahead in Thursday's trade, investors will be looking toward weekly jobless claims, existing home sales, and the Philadelphia Fed manufacturing index.

Among earnings, companies including Taiwan Semiconductor Manufacturing (NYSE:TSM), Johnson & Johnson (NYSE:JNJ), Abbott Laboratories (NYSE:ABT), and Philip Morris International Inc (NYSE:PM) are scheduled to release quarterly results.

During Wednesday's regular session, as the Dow Jones Industrial Average lifted 109.3 points or 0.3% to 35,061.2, the S&P 500 gained 10.7 points or 0.2% to 4,565.7, while the Nasdaq Composite remained little changed at 14,358.

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On the bond markets, United States 10-Year rates were at 3.755%.

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