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Dow futures tick higher as rally continues, tech falters

Published 20/07/2023, 23:46
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Investing.com - U.S. stock futures were trading within a tight range during Thursday's evening deals, after the Dow posted its 9th consecutive daily gain, while the S&P 500 and Nasdaq slipped.

By 18:38 ET (22:38 GMT), Dow Jones futures were 0.1% higher, while S&P 500 futures and Nasdaq 100 futures traded steady.

In extended deals, CSX Corp (NASDAQ:CSX) dipped 4.8% after the company reported Q2 EPS of $0.49, in line with expectations, while revenue came in at $3.7 billion versus $3.73B expected

Capital One Financial Corporation (NYSE:COF) was steady after reporting EPS of $3.52 versus $3.29 expected, while revenues were reported at $9B versus $9.13B expected.

Scholastic Corp (NASDAQ:SCHL) added 8.6%, reporting Q4 EPS of $2.26 versus $1.70 expected. Revenue came in at $528.3 million versus $541.76M expected.

Intuitive Surgical (NASDAQ:ISRG) fell 4.5% after reporting Q2 EPS of $1.42 versus $1.33 expected, while revenue was reported at $1.76B versus $1.74B expected.

Knight Transportation (NYSE:KNX) fell 2.7%, reporting Q2 EPS of $0.49 versus $0.59 expected. Revenue came in at $1.6B, in line with expectations.

According to FactSet data, 73% of S&P 500 companies that have reported results exceeded analysts’ expectations.

During Thursday's regular session, the Dow Jones Industrial Average added 164 points or 0.5% to 35,225.2, the S&P 500 dipped 30.9 points or 0.7% to 4,534.9, and the Nasdaq Composite fell 294.7 points or 2.1% to 14,063.3.

On the data front, jobless claims came in at 228K versus 242K expected, while the Philadelphia Fed manufacturing index came in at -13.5 versus -10 expected. Existing home sales also fell to 4.16M versus 4.2M expected.

On the bond markets, United States 10-Year rates were at 3.853%.

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