Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Dow futures steady, Meta surges 11.7% after results

Published 26/04/2023, 23:48
© Reuters.
US500
-
DJI
-
EBAY
-
ESZ24
-
1YMZ24
-
NQZ24
-
IXIC
-
FRCB
-
US10YT=X
-
META
-
TDOC
-

Investing.com - U.S. stock futures ticked higher on Wednesday night following a mixed session among major benchmark averages as First Republic Bank (NYSE:FRC) tanked 30% after reporting a 40% drop in deposits over the first quarter earlier in the week.

By 18:45 ET (23:45 GMT) Dow Jones futures were little changed, S&P 500 futures added 0.2%, and Nasdaq 100 futures lifted 0.5%.

Stay ahead of the curve this earnings season with InvestingPro.

In extended deals, Meta Platforms (NASDAQ:META) surged 11.7% after the company reported Q1 EPS of $2.20 versus $2.02 on revenues of $28.65 billion versus $27.61B expected.

EBay (NASDAQ:EBAY) gained 3%, reporting Q1 EPS of $1.11 versus $1.07 expected, while revenue came in at $2.5B versus $2.49B expected.

Teladoc (NYSE:TDOC) also lifted 5%, reporting Q1 losses of $0.42 per share, less than expected losses of $0.50 per share, while revenue was reported at $629.24 million versus $618.23M expected.

Ahead in Thursday's session, market participants will be looking towards preliminary GDP figures, jobless claims, and pending home sales, as well as fresh earnings results from companies including Amazon (NASDAQ:AMZN), Mastercard (NYSE:MA), Eli Lilly (NYSE:LLY), Merck (NYSE:MRK), and Intel (NASDAQ:INTC).

During regular trading Wednesday, the Dow fell 229 points, or 0.7%, to 33,301.9, the S&P 500 was down 0.4% to 4,056, while the Nasdaq Composite added 0.5% to 11,854.4.

On the bond markets, 10-year rates were at 3.445%.

investingpro


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.