Dow futures trade flat after indices retreat

  • Stock Market News
Dow futures trade flat after indices retreat
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading in a tight range during Wednesday’s evening deals, following significant declines in the regular session as closer-than-expected midterm election results soured risk sentiment ahead of fresh consumer price data set to be released later in Thursday’s session.

By 18:30 ET (23:30 GMT) Dow Jones Futures and S&P 500 Futures were little changed, while Nasdaq 100 Futures ticked 0.1% higher.

In extended deals, Rivian Automotive Inc (NASDAQ: RIVN ) lifted 7% after reporting Q3 losses of $1.57 per share versus expected losses of $1.81 per share, while revenue came in at $536 million versus $568.5 million expected.

Bumble Inc (NASDAQ: BMBL ) dipped 15% after the company reported Q3 EPS of $0.14 versus $0.01 expected on revenues of $232.6M versus $238.27M expected.

Unity Software Inc (NYSE: U ) lost 7% after reporting Q3 losses of $0.14 versus $0.15, while revenue came in at $322.9M versus $326.01M expected.

Ahead in Thursday’s session, traders will be looking out for October’s CPI reading, amid expectations of an 8% annualized increase, cooling from last month’s reading of 8.2%. Jobless claims data will also be closely watched. On the earnings front, companies including AstraZeneca (NASDAQ: AZN ), Aurora Cannabis Inc (NASDAQ: ACB ), and Nio (NYSE: NIO ) are set to release results.

During Wednesday’s regular trading, the Dow Jones Industrial Average fell 646.9 points or 2% to 32,514, the S&P 500 lost 79.5 points or 2.1% to 3,748.6, and the NASDAQ Composite fell 263 points or 2.5% to 10,353.2.

On the bond markets, United States 10-Year rates were at 4.099%.


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