Dow futures trade higher, banking crisis and CPI in focus

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Dow futures trade higher, banking crisis and CPI in focus
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading slightly higher during Monday's evening trade after major benchmark averages finished in a mixed fashion as Federal Reserve policymakers scramble to contain a growing financial crisis, moving to seize Signature Bank (NASDAQ: SBNY ) ahead of closely watched inflation data set for release on Tuesday.

By 18:45 ET (22:45 GMT) Dow Jones futures and S&P 500 futures added 0.3% apiece, while Nasdaq 100 futures lifted 0.2%.

In extended deals, GitLab Inc (NASDAQ: GTLB ) shed 32.5% after reporting Q4 losses of $0.03 per share, better than expected losses of $0.14 per share, while revenue came in at $122.9 million versus $119.59M expected. The company forecasted Q1 2024 losses in the range of $0.15-$0.14 per share versus expected losses of $0.16 per share, while revenue is expected to come in between $117M and 118M versus $126M expected.

Turtle Beach Corp (NASDAQ: HEAR ) fell 13.7% after the company reported Q4 EPS of $0.10 versus $0.20 expected on revenues of $100.9M versus $110.45M expected.

Ahead in Tuesday's session, market participants will be monitoring fresh consumer price index data as well as a speech from FOMC member Bowman .

During Monday's regular trade, the Dow Jones Industrial Average fell 90.5 points or 0.3% to 31,819.1, the S&P 500 dipped 5.8 points or 0.2% to 3,855.8, while the Nasdaq Composite bucked the trend, lifting 50 points or 0.5% to 11,188.8.

On the bond markets, United States 10-Year rates were at 3.545%.

 

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