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Dow Futures Little Changed After Indices Notch Second Day of Gains

Published 2022-10-24, 07:28 p/m
© Reuters.
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By Oliver Gray 

Investing.com - U.S. stock futures were during Monday’s trading session, with major benchmark averages notching their second day of gains as market participants digested an increasing volume of corporate earnings results.

By 7:15pm ET (11:15pm GMT) Dow Jones Futureswere up 0.2% while S&P 500 Futures and Nasdaq 100 Futures added 0.1% apiece.

In extended deals, Cadence Design Systems Inc (NASDAQ:CDNS) added 0.7% after the company reported Q3 EPS of $1.06 versus $0.96 expected on revenue of $903 million versus $871.2 million expected.

Calix Inc (NYSE:CALX) lifted 8.1% after reporting Q3 EPS of $0.34, beating expectations of $0.23, while revenue came in at $236.3 million versus $215.23 million expected.

Aaron's (NYSE:AAN) popped 17.3% after reporting Q3 EPS of $0.31, beating estimates of $0.12. Revenue for the quarter came in at $593.4 million versus the consensus estimate of $561.89 million.

Discover Financial Services (NYSE:DFS) dipped 1.9% after reporting Q3 EPS of $3.54, falling below $3.73 expected, while revenue was reported at $3.48 billion versus $3.37 billion expected.

Meantime, Shares of Amazon.com Inc (NASDAQ:AMZN) slipped 0.6% following reports of a hiring freeze.

During Monday’s regular trade, the Dow Jones Industrial Average added 417 points or 1.3% to 31,499.6, the S&P 500 gained 44.6 points or 1.2% to 3,797.4 and the NASDAQ Composite added 92.9 points or 0.9% to 10,952.6.

Ahead in Tuesday’s session, investors will be monitoring fresh housing price index and CB consumer confidence data, as well as earnings results from companies including Alphabet (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), Coca-Cola Co (NYSE:KO), General Electric Company (NYSE:GE), United Parcel Service Inc (NYSE:UPS),General Motors Company (NYSE:GM) and Texas Instruments Incorporated (NASDAQ:TXN).

On the bond markets, United States 10-Year rates were at 4.247%.

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