Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Dow Futures Tick Lower, Snap Plunges 27.1% After Earnings

Published 2022-10-20, 07:30 p/m
© Reuters.
DJI
-
WHR
-
BJRI
-
SNAP
-
USTECH
-
US30
-
US500
-

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Thursday’s evening deals after major benchmark averages finished lower for the second consecutive day, as market participants digested a slew of corporate earnings results, while long-term bond yields lifted to fresh 14-year highs.

By 19:20 ET (23:20 GMT) Dow Jones Futures were down 0.3%, S&P 500 Futures fell 0.5%, and Nasdaq 100 Futures dipped 0.8%.

In extended deals, Snap Inc (NYSE:SNAP) fell 27.1% after the company reported Q3 EPS of $0.08, beating expected losses of $0.24 per share, while revenue came in at $1.13 billion versus $1.12 billion expected.

Whirlpool Corporation (NYSE:WHR) fell 4.1% after the company reported Q3 EPS of $4.49, well below $5.53 expected. Revenue was reported at $4.78 billion versus $5.2 billion expected.

BJ's Restaurants Inc (NASDAQ:BJRI) moved 2.5% higher after reporting Q3 losses of $0.25 per share versus expected losses of $0.28 per share while revenue came in at $311.35 million versus $303.28 million expected.

Ahead in Friday's session, fresh earnings results are expected from Verizon Communications Inc (NYSE:VZ) before the opening bell.

During Thursday’s regular trade, The Dow Jones Industrial Average lost 90.2 points or 0.3% to 30,333.6, the S&P 500 dipped 29.4 points or 0.8% to 3,665.78, and the Nasdaq Composite fell 65.7 points or 0.6% to 10,614.8.

On the bond markets, United States 10-Year rates were at 4.233%.

 

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.