U.S. stock futures trade flat, investors eye PPI data

by Jonathan Adams
investors

Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading flat

U.S. stock futures were trading steady during Thursday’s evening deals, after major benchmark averages finished the regular session higher, while the S&P 500 snapped 5 sessions of consecutive declines.

By 11:30pm GMT Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading flat.

In extended deals, DocuSign Inc. added 9.9% after reporting Q3 EPS of $0.57 versus $0.42 expected on revenues of $645.5 million versus $627 million.

Lululemon Athletica shed 7.1% after the company reported Q3 EPS of $2.00 versus $1.96 expected, while revenue came in at $1.9 billion versus $1.81 billion expected.

Broadcom lifted 3.5% after reporting Q4 EPS of $10.45, better than $10.28 expected, while revenue was reported at $8.93 billion versus $8.9 billion expected.

Chewy fell 2.3%, reporting Q3 EPS of $0.01, beating expected losses of $0.09 per share. Revenue came in at $2.53 billion versus $2.46 billion expected.

Domo, Inc. fell 3.3% after the company reported Q3 losses of $0.13 per share, better than expected losses of $0.26 per share. Revenue came in at $79 million versus $76.38 million expected.

Cooper Companies Inc lost 1.9% after reporting Q4 EPS of $2.75 versus $3.13 expected on revenues of $848.1 million versus $841.65 million expected.

Ahead in Friday’s session, investors will be closely monitoring fresh producer price index data for signs of cooling inflation ahead of next week’s CPI reading and the U.S. Federal Reserve’s interest rate decision, with policymakers expected to raise rates by 50 basis points.

During Thursday’s regular trade, the Dow Jones Industrial Average gained 183.6 points or 0.6% to 33,781.5, the S&P 500 added 29.6 points or 0.8% to 3,963.5 and the NASDAQ Composite lifted 123.5 points or 1.1% to 11,082.

On the bond markets, United States 10-Year rates were at 3.489%.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Trading and Investment News. The information provided on Trading and Investment News is intended for informational purposes only. Trading and Investment News is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

Related Posts

    Sign up for our newsletter

    Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    © Copyright 2024-25
    Trading and Investment News.
    Managed By News Media International A Brand Of CAS Media Group Publishing Ltd whose registered office is – 12 Deer Park Road, Wimbledon, SW19 3TL.

    Latest articles