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By Oliver Gray
Investing.com - U.S. stock futures remained little changed in Monday’s evening trade, after a mixed session for major benchmark indices as market participants weighed slowing U.S. economic growth, interest rate hikes from central bank policymakers and heightened inflation pressures.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures and S&P 500 Futures were trading flat while Nasdaq 100 Futures lifted 0.1%.
In extended deals, Shapeways Holdings, Inc. (NYSE:SHPW) moved 3.6% higher after reporting Q1 losses of 8 cents per share versus losses of 10 cents expected, on revenues of $7.57 million versus $7.34 million expected.
Shoals Technologies Group Inc (NASDAQ:SHLS) lifted 4.9% despite missing earnings estimates as the company reported Q1 EPS of 5 cents versus 7 cents expected, while revenue came in at $68 million versus $70.38 million expected.
Global-E Online Ltd (NASDAQ:GLBE) tanked 28.3% after reporting earnings results, with Q1 losses coming in at 35 cents per share versus losses of 13 cents expected. Revenues were at $76.3 million versus estimates of $74.98 million.
Take-Two Interactive Software Inc (NASDAQ:TTWO) lifted 3.5% as the company reported EPS of 95 cents versus $1.01 expected, while Total Net Bookings increased 8% year-over-year to $845.8 million, missing estimates of $883.62 million.
Tencent (HK:0700) Music Entertainment Group (NYSE:TME) was 1.2% higher following the company’s first-quarter earnings.
United Airlines Holdings Inc (NASDAQ:UAL) also added 2.8% after the company issued an update on its second-quarter outlook.
Investors will be looking ahead to retail sales and industrial production releases on Tuesday, while companies such as Walmart Inc (NYSE:WMT), Home Depot Inc (NYSE:HD) and JD.com Inc (NASDAQ:JD) are slated to deliver earnings results.
During Monday’s regular session, the Dow Jones Industrial Average added 26.76 or 0.1%, to 32,223.43. The S&P 500 fell 15.9 points or 0.4% to 4,008.01 and the NASDAQ Composite dipped 1.2% to 11,662.79.
Major technology players were the main drag on sentiment, with Block Inc (NYSE:SQ) down 5.3%, Amazon.com Inc (NASDAQ:AMZN) falling 2%, Twitter Inc (NYSE:TWTR) shedding 8.2%, Apple Inc (NASDAQ:AAPL) down 1.1% and Alphabet Inc (NASDAQ:GOOGL) falling 1.4%.
Electric vehicle manufacturers also retreated with Tesla Inc (NASDAQ:TSLA) down 5.9%, Rivian Automotive Inc (NASDAQ:RIVN) falling 6.9% and Lucid Group Inc (NASDAQ:LCID) dipping 3.1%.
On the bond markets, United States 10-Year rates were at 2.886%.
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