🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Dow futures steady, Western Alliance Bancorp falls 3.1% after earnings

Published 2023-07-18, 07:10 p/m
© Reuters.
US500
-
DJI
-
BAC
-
GS
-
IBM
-
OMC
-
USB
-
BK
-
ESZ24
-
1YMZ24
-
NQZ24
-
NFLX
-
JBHT
-
TSLA
-
IXIC
-
IBKR
-
US10YT=X
-
WAL
-

Investing.com - U.S. stock futures were trading within a tight range during Tuesday's evening trade, after major benchmark indices posted a positive session, with the Dow Jones notching its longest winning streak since 2021.

By 18:45 ET (22:45 GMT), Dow Jones futures were flat, while S&P 500 futures and Nasdaq 100 futures fell 0.1% apiece.

In extended deals, Western Alliance Bancorporation (NYSE:WAL) dipped 3.1% after the company posted Q2 EPS of $1.96 versus $1.97 expected on revenues of $670.2 million versus $658.5M expected.

Omnicom Group Inc (NYSE:OMC) shed 5.7% after reporting Q2 EPS of $1.81 versus $1.80 expected on revenues of $3.61 billion versus $3.67B expected.

Interactive Brokers Group Inc (NASDAQ:IBKR) slid 5% after reporting Q2 EPS of $1.32 versus $1.40 expected, while revenues were reported at $1.06B, in-line with expectations.

J.B. Hunt Transport Services Inc (NASDAQ:JBHT) added 2% after the company reported Q2 EPS of $1.81 versus $1.92 expected on revenues of $3.13B versus $3.31B expected.

Ahead in Wednesday's trade, market participants will be monitoring monthly building permits and housing starts data.

Among earnings, companies including Tesla Inc (NASDAQ:TSLA), Netflix Inc (NASDAQ:NFLX), Goldman Sachs Group Inc (NYSE:GS), International Business Machines (NYSE:IBM), and U.S. Bancorp (NYSE:USB) are scheduled to report quarterly results.

Get the latest earnings results with InvestingPro.

During Tuesday's regular session, the Dow Jones Industrial Average added 366.6 points or 1.1% to 34,951.9, the S&P 500 gained 32.2 points or 0.7% to 4,555, and the Nasdaq Composite lifted 108.7 points or 0.8% to 14,353.6. All 3 major indices extended 15-month highs.

Major bankers, Bank of New York Mellon (NYSE:BK) and Bank of America Corp (NYSE:BAC), reported better than expected earnings, while retail sales data came in at 0.2% for June versus 0.5% expected.

On the bond markets, United States 10-Year rates were at 3.792%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.