Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Dow futures slip, Nvidia pops 24.6% after earnings

Published 24/05/2023, 23:52
© Reuters.
US500
-
DJI
-
NVDA
-
ESH25
-
1YMH25
-
NQH25
-
IXIC
-
US10YT=X
-
AEO
-
NTNX
-
SNOW
-

Investing.com - U.S. stock futures were trading higher during Wednesday's evening trade, after major averages finished the regular session lower as minutes released Wednesday from the Federal Reserve’s latest meeting showed division among policymakers as to the future path of interest rates.

By 18:45 ET (22:45 GMT), Dow Jones futures were down 0.2%, S&P 500 futures added 0.5%, and Nasdaq 100 futures gained 1.4%.

In extended deals, Nvidia (NASDAQ:NVDA) popped 24.6% reporting Q1 EPS of $1.09 versus $0.92 expected on revenues of $7.19 billion versus $6.52B. The company also forecasted Q2 2024 revenue at $11B versus $7.15B expected.

American Eagle Outfitters (NYSE:AEO) shed 17.2% after the company reported Q1 EPS of $0.17, in-line with expectations, while revenue was reported at $1.1B versus $1.07B expected.

Snowflake Inc (NYSE:SNOW) dipped 12.5% after reporting Q1 EPS of $0.15 versus $0.06 expected, while revenue came in at $623.6 million versus $611.13M expected.

Nutanix (NASDAQ:NTNX) added 14.5% HIGHER; reported Q3 EPS of $0.04 versus $0.03 expected, while revenues came in at $448.58M versus $433.12M expected.

Ahead in Thursday's session, traders will be looking towards preliminary GDP figures, weekly jobless claims, pending home sales as well a speech from the Fed's Collins.

During Wednesday's session, the Dow Jones Industrial Average lost 255.6 points or 0.8% to 32,799.9, the S&P 500 lost 30.3 points or 0.7% to 4,115.2, and the Nasdaq Composite dipped 76.1 points or 0.6% to 12,484.2.

On the bond markets, United States 10-Year rates were near fresh 2-month highs of 3.743%.

 

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.