By Oliver Gray
Investing.com - U.S. stock futures traded higher during Tuesday’s evening deals, after major benchmark averages declined for a second consecutive day amid growing geopolitical tensions between the U.S. and China amid House Speaker Nancy Pelosi’s visit to Taiwan, while further hawkish comments from regional Fed presidents also dampened risk sentiment.
Match Group (NASDAQ: MTCH ) fell 21.9% after the company reported Q2 losses per share of $0.11, far worse than expected earnings of $0.57 per share. Revenue was reported at $794.51 million versus $804.33 million.
SoFi Technologies Inc. (NASDAQ: SOFI ) gained 8% after reporting Q2 losses per share of $0.12, beating expected losses per share of $0.14, while revenue came in at $356.09 million versus $340.87 million.
SolarEdge Technologies (NASDAQ: SEDG ) dipped 12.7% after reporting Q2 EPS of $0.26, coming in slightly higher than $0.88 expected, while revenue was reported at $727.8 million versus $730.65 million.
Ahead in Wednesday’s session, market participants will be paying close attention to the ISM non-manufacturing PMI and the S&P Global PMI prints as well as monthly factory orders data, while second quarter earnings results are expected from Moderna Inc (NASDAQ: MRNA ), CVS Health Corp (NYSE: CVS ), Regeneron Pharmaceuticals Inc (NASDAQ: REGN ), and Under Armour Inc (NYSE: UA ).
During Tuesday’s regular trading, the Dow Jones Industrial Average fell 402.2 points or 1.2% to 32,396.2, the S&P 500 lost 27.4 points or 0.7% to 4,091.19, and the NASDAQ Composite fell 20.2 points or 0.2% to 12,348.76.
On the bond markets, United States 10-Year rates were at 2.748%.
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