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Dow futures tick higher, Gitlab surges 20% after earnings
© Reuters.
By Oliver Gray
Investing.com - U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark indices finished the regular session lower as stronger than expected ISM non-manufacturing data strengthened the case for larger rate hikes at the Federal Reserve’s December meeting.
By18:25 ET (23:25 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading 0.1% higher.
In extended deals, GitLab Inc (NASDAQ:GTLB) added 20.4% after reporting Q3 losses of $0.10 per share versus expected losses of $0.15 per share, while revenue came in at $113 million versus $106.04 million expected.
Sumo Logic Inc (NASDAQ:SUMO) added 11.7% after the company reported Q3 losses of $0.04 per share versus expected losses of $0.15 per share, while revenue was reported at $79 million versus $74.21 million expected.
Ahead in Tuesday’s session, market participants will be monitoring trade balance data as well as fresh earnings results from Smith & Wesson Brands Inc (NASDAQ:SWBI) and Stitch Fix (NASDAQ:SFIX).
During Monday’s regular session, the Dow Jones Industrial Average lost 482.8 points or 1.4% to 33,947.1, the S&P 500 fell 72.9 points or 1.8% to 3,998.8 and the NASDAQ Composite shed 221.6 points or 1.9% to 11,239.9.
On the bond markets, United States 10-Year rates were at 3.583%.
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