Dow futures Lift Ahead of Fed Rate Decision

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Dow futures Lift Ahead of Fed Rate Decision
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Tuesday’s evening deals, following a negative close for major benchmark averages as market participants monitor earnings from mega-cap technology companies as well as the Federal Reserve’s latest interest rate decision due later in the session.

By 7:15pm ET (11:15pm GMT) Dow Jones Futures were up 0.2%, S&P 500 Futures lifted 0.6%, and Nasdaq 100 Futures gained 1.2%.

In extended deals, Microsoft (NASDAQ: MSFT ) added 4.3% despite reporting Q4 EPS of $2.23 versus $2.29 expected while revenue came in at $51.9 billion versus $52.43 billion.

Alphabet (NASDAQ: GOOGL ) gained 4.4% after the company reported Q2 EPS of $1.21 versus expectations of $1.28, while revenue came in at $69.69 billion versus $70.04 billion expected.

Texas Instruments (NASDAQ: TXN ) added 2.7% after reporting Q2 EPS of $2.45, beating estimates of $2.13, while revenue came in at $5.21 billion versus estimates of $4.65 billion.

Chipotle Mexican Grill (NYSE: CMG ) gained 8.7% after reporting Q2 EPS of $9.30 versus $9.04 on revenue of $2.21 billion $2.25 billion.

Enphase Energy (NASDAQ: ENPH ) lifted 8.7% after reporting Q2 EPS of $1.07, beating estimates of $0.85 on revenues of $530.2 million versus the consensus estimate of $507.49 million.

F45 Training Holdings Inc (NYSE: FXLV ) plunged 50.7% after reports that the CEO Adam Gilchrist is stepping down.

Ahead in the session, investors will be tracking fresh earnings results from Boeing Co (NYSE: BA ), Shopify Inc (NYSE: SHOP ), Qualcomm Incorporated (NASDAQ: QCOM ), and Ford Motor Company (NYSE: F ). Meantime, the Federal Reserve is expected to announce its latest interest rate decision on Wednesday afternoon, with Markets widely expect a three-quarter percentage point increase in the benchmark rate.

During Tuesday’s regular session, the Dow Jones Industrial Average fell 228.50 points, or 0.71%, to 31,761.54. The S&P 500 retreated by 1.15% to 3,921.05. NASDAQ Composite declined about 1.87% to 11,562.58.

On the bond markets, United States 10-Year rates were at 2.8%.

 

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