Dow futures tick lower, Dell falls 3% after earnings

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Dow futures tick lower, Dell falls 3% after earnings
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures ticked lower during Thursday's evening trade, after major benchmark indices posted a positive session on investor optimism of a pause on aggressive interest rate hikes from Federal Reserve policymakers.

By 18:40 ET (23:40 GMT) Dow Jones futures and S&P 500 futures were 0.1% lower, while Nasdaq 100 futures dipped 0.2%.

In extended deals, Dell Technologies (NYSE: DELL ) lost 3% after the company reported Q4 EPS of $1.80 versus $1.65 expected on revenues of $25 billion versus $23.51B expected.

Hewlett Packard Enterprise Co (NYSE: HPE ) added 1.9% after reporting Q1 EPS of $0.63 versus $0.54 expected on revenues of $7.8B versus $7.44B expected. The company also forecasted Q2 2023 EPS of $0.44-$0.52 versus $0.47 expected, while revenues are forecast to total $7.1B-$7.5B versus $7.04B expected.

ChargePoint Holdings Inc (NYSE: CHPT ) dipped 13.6%, reporting Q4 losses of $0.23 versus $0.19 expected on revenues of $152.8 million versus $165.09M.

Ahead in Friday's trade, market participants will be focused on the Markit and ISM Services PMIs, as well as speeches from the Fed's Logan , the FOMC members Bostic , and Bowman .

During Thursday's session, the Dow Jones Industrial Average added 341.7 points or 1.1% to 33,003.6, the S&P 500 gained 29.9 points or 0.8% to 3,981.4, and the Nasdaq Composite lifted 83.5 points or 0.7% to 11,463.

On the bond markets, United States 10-Year rates were at fresh 4-month highs of 4.062%.

 

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