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Dow futures gain after Fed pause, Lennar lifts 2.3% after earnings

Published 06/15/2023, 07:44 AM
© Reuters
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Investing.com - U.S. stock futures were little changed during Wednesday's evening trade, following a mixed session among major benchmark indices as the Federal Reserve paused interest rates, signaling two more rate hikes later this year.

By 19:05 ET (23:05 GMT), Dow Jones futures were up 0.1%, S&P 500 futures lifted 0.1%, and Nasdaq 100 futures added 0.2%.

Analyze corporate earnings results with InvestingPro.

In extended deals, Lennar Corporation (NYSE:LEN) lifted 2.3% after the company reported EPS of $2.94 versus $2.31 expected on revenues of $8.05 billion versus $7.18B expected.

Ahead in Thursday's session, investors will be closely monitoring import and export price data, retail sales, NY Empire State, and Philadelphia Fed manufacturing indexes, business inventories, and industrial production.

Among earnings, companies including Adobe Systems Inc (NASDAQ:ADBE), Kroger Company (NYSE:KR), Jabil Circuit Inc (NYSE:JBL), John Wiley & Sons (NYSE:WLY), and Aurora Mobile Ltd (NASDAQ:JG) are slated to release quarterly results.

During Thursday's trade, the Dow Jones Industrial Average fell 232.8 points or 0.7% to 33,979.3, the S&P 500 added 3.6 points or 0.1% to 4,372.6, and the Nasdaq Composite lifted 53.2 points or 0.4% to 13,626.5.

On the bond markets, United States 10-Year rates were at 3.794%.

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