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Dow Futures Ease After Positive Session, FedEx Reports

Stock Markets Jun 24, 2022 07:30
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© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures traded lower during Thursday’s evening deals after major benchmark averages finished the regular session higher, with falling yields boosting risk sentiment.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures and Nasdaq 100 Futures fell 0.3% apiece while S&P 500 Futures were down 0.4%.

In extended deals, FedEx Corporation (NYSE:FDX) lifted 2.1% after the company reported Q4 EPS of $6.88, in line with expectations, while revenue was at $24.4 billion versus $24.49 billion expected. FedEx also issued upbeat guidance for its full fiscal year, projecting a rise in adjusted earnings.

Smith & Wesson Brands Inc (NASDAQ:SWBI) lost 3% after reporting Q4 results, with EPS coming in at $0.74 versus $0.69 expected while revenues declined 43.9% year-over-year to $181.3 million, but beating estimates of $179.85 million.

Ahead in the session, investors will be paying close attention to fresh economic data, with new home sales and the final University of Michigan consumer sentiment print set for release at 10 a.m. ET.

During Thursday’s regular session, the Dow Jones Industrial Average gained 194.23 points or 0.6% to 30,677.4, the S&P 500 added 1% to 3,795.7 and the NASDAQ Composite rose 1.6% to 11,232.2.

Technology players outperformed, with Block Inc (NYSE:SQ) popping 10.9%, Amazon.com Inc (NASDAQ:AMZN) up 3.2%, Microsoft Corporation (NASDAQ:MSFT) adding 2.3% and Apple Inc (NASDAQ:AAPL) up 2.2%.

On the bond markets, United States 10-Year rates eased to 3.089%.

Dow Futures Ease After Positive Session, FedEx Reports
 

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