Dow Futures Trade Mixed, Tesla Dips 5.3% as Revenue Disappoints
By Oliver Gray
Investing.com - U.S. stock futures were trading mixed during Wednesday’s evening deals, after major benchmark averages snapped a two-day rally as the U.S. Dollar and yields resumed their moves higher.
By 19:10 ET (23:10 GMT) Dow Jones Futures were trading flat, S&P 500 Futures were down 0.2%, and Nasdaq 100 Futures fell 0.5%.
In extended deals, Tesla Inc (NASDAQ: TSLA ) fell 5.3% as the company reported Q3 EPS of $1.05, slightly above estimates of $1.03, while revenue came in at $21.45 billion versus $22.5 billion expected.
International Business Machines (NYSE: IBM ) added 3.3% after the company reported Q3 EPS of $1.81, just above estimates of $1.79, while revenue was reported at $14.11 billion versus $13.54 billion expected.
WD-40 Company (NASDAQ: WDFC ) moved 6.7% lower after reporting Q4 EPS of $1.08 versus $1.25 expected, while revenue came in at $130.4 million versus $131.1 million expected.
Alcoa Corp (NYSE: AA ) dipped 8.6% after reporting Q3 losses of $0.33 per share, below expected earnings of $0.19 per share. Revenue came in at $2.85 billion versus $3.01 billion expected.
Ahead in Thursday’s session, investors will be tracking the Philadelphia Fed Manufacturing Index and jobless claims data, while earnings results from American Airlines Group (NASDAQ: AAL ), AT&T Inc (NYSE: T ), Alaska Air Group Inc (NYSE: ALK ), and Union Pacific Corporation (NYSE: UNP ) will also be closely watched.
During Wednesday’s regular session, the Dow Jones Industrial Average declined 100 points or 0.3% to 30,423.8, the S&P 500 dipped 24.8 points or 0.7% to 3,695.2 and the NASDAQ Composite fell 91.9 points or 0.9% to 10,680.5.
On the bond markets, United States 10-Year rates surged to fresh 14-year highs of 4.138%.
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