Dow futures trade flat, GameStop lifts 3.4% after earnings

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Dow futures trade flat, GameStop lifts 3.4% after earnings
Credit: © Reuters. - U.S. stock futures were trading in a tight range during Wednesday's evening deals, following a negative session for major benchmark indices, as investors retreated fearing a further interest rate hike from Federal Reserve officials.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures and Nasdaq 100 Futures were down by 0.1%, while S&P 500 Futures were flat.

In extended deals, GameStop (NYSE: GME ) added 3.4%, reporting Q2 losses of $0.03 per share, beating expected losses of $0.14 per share, while revenues were reported at $1.16 billion versus $1.14 billion expected. Inc (NYSE: AI ) fell 7.2%, after the company reported Q1 losses of $0.09 per share versus expected losses of $0.17 per share. Revenue came in at $72.4 million, versus $71.56 million expected.

Verint Systems (NASDAQ: VRNT ) shed 15.5%, reporting Q2 EPS of $0.48 versus $0.57 expected, on revenues of $210 million versus $225.09 million expected.

UiPath Inc (NYSE: PATH ) added 5.1% after the company {{erl-1172518||reported} Q2 EPS of $0.09 versus $0.04 expected, while revenue came in at $287 million versus $282.06 million expected.

Ahead in Thursday's session, market participants will be watching jobless claims , nonfarm productivity , unit labor costs as well as speeches from Harker , Williams , Bowman , Logan and Goolsbee .

During Wednesday's regular trade, the Dow Jones Industrial Average dipped 198.8 points or 0.6% to 34,443.2, the S&P 500 lost 31.4 points or 0.7% to 4,465.5 and the NASDAQ Composite lost 148.5 points to 1.1% to 13,872.5.

On the bond markets, United States 10-Year rates were higher at 4.3%.

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