👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Dow futures slip as indices pull back on credit downgrade

Published 08/09/2023, 08:38 AM
© Reuters.
US500
-
DJI
-
DIS
-
HMC
-
ESZ24
-
1YMZ24
-
NQZ24
-
IXIC
-
US10YT=X
-
TTD
-
LYFT
-
UPST
-
RIVN
-

Investing.com - U.S. stock futures were trading slightly negative during Tuesday's evening deals after major benchmark averages sold off during regular trade following Moody's downgrade of the financial sector.

By 19:30 ET (23:30 GMT), Dow Jones futures were down 0.1% while S&P 500 futures and Nasdaq 100 futures were flat.

In extended trading, Rivian Automotive (NASDAQ:RIVN) was 0.1% higher after the company reported losses of $1.27 per share versus expected losses of $1.43, while revenues came in at $1.12 billion versus $1B expected.

Lyft (NASDAQ:LYFT) moved 6.6% lower, reporting Q2 EPS of $0.16 versus expected losses of $0.01 per share, while revenues were reported at $1.02B, in line with expectations.

Upstart Holdings (NASDAQ:UPST) fell 19.4% after the company reported Q2 EPS of $0.06 versus expected losses of $0.07 per share. Revenues came in at $135.77 million versus $135.21M expected.

Ahead in Wednesday's session, investors will be looking toward earnings results from companies including Walt Disney Company (NYSE:DIS), Honda Motor (NYSE:HMC), and The Trade Desk (NASDAQ:TTD).

During Tuesday's regular trade, the Dow Jones Industrial Average fell 158.6 points or 0.5% to 35,314.5, the S&P 500 lost 19 points or 0.4% to 4,499.4, and the Nasdaq Composite lost 110.1 points or 0.8% to 13,884.3.

On the bond markets, United States 10-Year rates were at 4.017%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.