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Dow Futures Tick Lower Af...

U.S. stock futures were trading flat during Tuesday’s evening deals, after major benchmark...

Dow Futures Tick Lower After Indices Decline For 3rd Session

Dow Futures Tick Lower After Indices Decline For 3rd Session

U.S. stock futures were trading flat during Tuesday’s evening deals, after major benchmark indices extended declines for the third consecutive session as investors continued their retreat following Jerome Powell’s hawkish rhetoric at last week’s Jackson Hole Symposium.

By 7:20pm ET (11:20pm GMT) Dow Jones Futures were down 0.1%, S&P 500 Futures were little changed and Nasdaq 100 Futures were up 0.1%.
 

In extended deals, Chewy (NYSE:CHWY) fell 11% after the company reported Q2 losses of $0.12 per share, in-line with expectations, while revenue came in at $2.43 billion versus $2.45 billion expected.

PVH Corp. (NYSE:PVH) dipped 3.3% after reporting Q2 EPS of $2.08, above expectations of $2.00 while revenue came in at $2.13 billion versus $2.21 billion expected.


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The company also announced a 10% reduction of its workforce in global offices. HP Inc. (NYSE: HPQ) dipped 6% as the company reported Q3 EPS of $1.04, in line with market expectations.

Revenue came in at $14.66 billion versus $15.69 billion expected. Crowdstrike Holdings Inc (NASDAQ: CRWD) fell 0.3% after the company reported Q3 of $0.36, above expectations of $0.28 on revenues of $535.15 million versus $515.98 million expected.
 

Ambarella (NASDAQ:AMBA) fell 6.5% after the company reported Q2 EPS of $0.20, slightly above expectations of $0.19. Revenue came in at $80.88 million versus the $80.19 million expected.

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ChargePoint Holdings Inc (NYSE:CHPT) added 1.5% after reporting Q2 losses of $0.21 per share, greater than expected losses of $0.20 per share. Q2 revenues came in at $81.63 million versus $76.1 million expected.

Hewlett Packard Enterprise (NYSE:HPE) lifted 1.7% after reporting Q3 EPS of $0.48, just above expectations of $0.47 while revenue came in at $6.95 billion versus $6.93 billion expected.
 

Ahead in Wednesday’s session, market participants will be monitoring fed speeches more Fed speeches from Mester and Bostic, while Chicago PMI and ADP employment data will also be closely watched.

During Tuesday’s regular session, Dow Jones Industrial Average slid 308.1 points or 1% to 31,790.9, the S&P 500 fell 1.1% to 3,986.16 and the NASDAQ Composite shed 1.1% to 11,883.1.


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On the data front, CB consumer confidence exceeded expectations at 103.2, up from last month’s reading of 95.3. At the same time, JOLTs Job Openings also surprised to the upside, lifting to 11.239 million, above forecasts of 10.475 million and rising from last’s month’s 11.040 million. - investing


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