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Dow futures tick lower, Amazon slips 2.3% after earnings

Published 28/04/2023, 00:00
© Reuters
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Investing.com - U.S. stock futures were trading lower during Thursday's evening deals, after major benchmark averages posted significant gains during the regular session, with market participants digesting a fresh batch of earnings results.

By 19:00 ET (23:00 GMT), Dow Jones futures and S&P 500 futures were down 0.1% apiece, while Nasdaq 100 futures fell 0.2%.

In extended deals, Amazon (NASDAQ:AMZN) fell 2.6%, reporting Q1 EPS of $0.31 versus $0.21 expected on revenues of $127.4 billion versus $124.55B expected.

Snap (NYSE:SNAP) dipped 18.2%, reporting Q1 EPS of $0.01 versus expected losses of $0.23 per share. Revenue was reported at $988.6 million versus $1.01B expected.

Cloudflare (NYSE:NET) shed 24.8%, reporting Q1 EPS of $0.08 versus $0.03 expected, while revenues came in at $290.2M versus $290.8M.

Intel (NASDAQ:INTC) added 4.5% after the company reported Q1 losses of $0.04 per share, better than expected losses of $0.16 per share, while revenue was reported at $11.7B versus $11.04B expected.

Ahead in Friday's trade, traders will be looking toward PCE price index data, personal income, and spending data as well as Michigan consumer sentiment.

During Thursday's regular session, the Dow Jones Industrial Average added 524.3 points or 1.6% to 33,826.2, the Nasdaq Composite lifted 287.9 points or 2.4% to 12,142.2, and the S&P 500 gained 2% to 4,135.4.

On the bond markets, United States 10-Year rates were at 3.528%.

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