Dow futures trade lower, Chipotle dips 4.6% after earnings
By Oliver Gray
Investing.com - U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark indices finished higher in volatile trade as traders reacted to comments from Federal Reserve Chair Powell as well as a fresh batch of earnings results.
By 18:30 ET (23:30 GMT) Dow Jones futures , S&P 500 futures , and Nasdaq 100 futures were each 0.1% lower.
In extended deals, Chipotle Mexican Grill (NYSE: CMG ) fell 4.6% after the company reported Q4 EPS of $8.29 versus $8.92 expected, while revenue came in at $2.2 billion versus $2.23B expected.
Yum China Holdings Inc (NYSE: YUMC ) lost 0.7% after reporting EPS of $0.13 versus $0.16 expected, while revenue was reported at $2.09B versus $2.27B expected.
Prudential Financial (NYSE: PRU ) fell 2.7%, reporting Q4 EPS of $2.42 versus $2.52 expected on revenues of $13.25B versus $13.57B expected.
Lumen Technologies Inc (NYSE: LUMN ) shed 15.8% after reporting Q4 EPS of $0.43 versus $0.18 expected, with revenues coming in at $3.8B versus $3.78B.
Fortinet (NASDAQ: FTNT ) added 12.2% after the company reported Q4 EPS of $0.44 versus estimates of $0.39 while revenues came in at $1.28B versus $1.29B expected.
Enphase Energy (NASDAQ: ENPH ) added 7.9%, reporting Q4 EPS of $1.51 versus $1.28 expected on revenues of $724.7 million versus $706.28M expected.
Ahead in Wednesday’s session, market participants will be looking toward fresh wholesale inventories data as well as speeches from the Fed’s Barr and Waller as well as FOMC member Williams .
Among earnings, reports from companies including Walt Disney Company (NYSE: DIS ), CVS Health Corp (NYSE: CVS ), CME Group Inc (NASDAQ: CME ), and Uber Technologies Inc (NYSE: UBER ) will be closely monitored.
During Tuesday’s regular trade, the Dow Jones Industrial Average added 265.7 points or 0.8% to 34,156.7, the S&P 500 gained 52.9 points or 1.3% to 4,164, and the Nasdaq Composite lifted 226.3 points or 1.9% to 12,113.8.
On the bond markets, United States 10-Year rates were at 3.679%.
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