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

Dow futures tick higher, Apple lifts 2.1% after earnings

Published 05/05/2023, 00:36
© Reuters.
US500
-
DJI
-
MCHP
-
AAPL
-
ESZ24
-
1YMZ24
-
NQZ24
-
IXIC
-
DASH
-
LYFT-RM
-

Investing.com - U.S. stock futures were trading higher during Thursday's evening trade after benchmark indices declined for the fourth consecutive session amid continuing banking stresses, while market participants monitored earnings results from tech giant Apple Inc.

By 18:50 ET (22:50 GMT), Dow Jones futures lifted 0.1%, S&P 500 futures were up 0.2%, and Nasdaq 100 futures lifted 0.3%.

In extended deals, Apple Inc (NASDAQ:AAPL) added 2.1% after reporting Q2 EPS of $1.52 versus $1.43 expected on revenues of $94.8 billion versus $92.9B expected. The company also lifted its quarterly dividend by 4.3%.

Lyft Inc (NASDAQ:LYFT) dropped 15%, reporting Q1 losses of $0.50 per share, well below expected losses of $0.08 per share. Revenue was reported at $1B versus $981.71 million expected.

Microchip Technology Inc (NASDAQ:MCHP) dipped 5.3% after the company reported Q4 EPS of $1.64 versus $1.62 expected on revenue of $2.23B which was in line with expectations.

DoorDash Inc (NYSE:DASH) added 4.7%, reporting Q1 losses of $0.41 per share versus losses of $0.58 per share expected, while revenues came in at $2.04B versus $1.93B expected.

Ahead in Friday's trade, investors will be looking towards average hourly earnings data and nonfarm payrolls, as well as a speech from Fed Governor Cook.

During Thursday's regular trade, the Dow Jones Industrial Average fell 286.5 points or 0.9% to 33,127.7, the S&P 500 dipped 29.5 points or 0.7% to 4,061.2, the Nasdaq Composite fell 58.9 or 0.5% to 11,966.4.

On the bond markets, United States 10-Year rates were at 3.377%.

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.