Dow Futures Trade Lower as Inflation Cools, Disney Reports By Investing.com

News



© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading slightly higher during Wednesday’s evening deals, following a strong rally among major benchmark average during regular trade as highly anticipated data eased slightly from 41-year highs.

By 7:00pm ET (11:00pm GMT) were little changed while and dipped 0.2% apiece.

In extended deals, Walt Disney (NYSE:) added 6.8% after Q3 EPS of $1.09 versus $0.98 expected on revenue of $21.5 billion versus $20.99 billion expected.

Sonos (NASDAQ:) fell 19% after Q3 EPS of $0.19, beating estimates of $0.06 while revenue came in at $371.8 million versus $424.03 million expected.

Bumble Inc (NASDAQ:) dipped 11.6% after the company Q2 losses of $0.03 per share, worse than expected losses of $0.01 per share. Revenue came in at $220.45 million versus $219.55 million.

Vacasa Inc (NASDAQ:) lifted 29.6% after Q2 EPS of $0.02, better than expected losses of $0.18, while revenue came in at $310.35 million versus $285.46 million expected.

Matterport Inc (NASDAQ:) gained 16.8%, Q2 losses of $0.12,slightly beating expected losses of $0.14. Revenue came in at $28.48 million versus $29.6 million expected.

Applovin Corp (NASDAQ:) fell 9.3% after Q2 losses of $0.06, below expected EPS of $0.15. Revenue came in at $776.23 million versus $839.67 million expected.

Ahead in Thursday’s session, investors will be tracking data as well as July’s print. Earnings from companies such as Rivian Automotive Inc (NASDAQ:), Warby Parker Inc (NYSE:) and Poshmark Inc (NASDAQ:) will also be closely monitored.

During Wednesday’s regular session the jumping 535.1 points or 1.6% to 33,309.5, the added 2.1% to 4,210.2 and the gained 2.9% to 12,854.8.

 On the data front, the headline for July came in at 8.5%, below 8.7% expected and cooling from 41-year highs, sparking speculation of less aggressive rate hikes at the U.S. Federal Reserve’s next meeting.

On the bond markets, rates were at 2.785%.

Leave a Comment

Leading the way

Let's build a better world together

Project planning
Design expertise
Great qualifications

Nullam vestibulum finibus sapien, id consequat mauris tempus auctor.

Locations

90 Newport St., Natick, MA 01760

83 Taylor Street, Kings Mountain, NC 28086

22 Birch Hill St., Villa Rica, GA 30180

Support requests

support@construction.com

Nullam scelerisque leo felis, quis congue mauris tristique in. Suspendisse pulvinar, felis eu facilisis mattis, turpis odio luctus nisi, et ultrices velit enim quis lacus.

Request a quote

[Insert your contact form here]

Construction

Vivamus vehicula dictum elit at bibendum. Etiam finibus eros ut urna auctor ullamcorper. Sed at erat eget nisl rutrum ultrices sed eu ex.

Newsletter

Sign up to receive the latest news and trends from our company.

More questions? Get in touch