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Dow futures steady after snapping rally, Intel lifts 8.4% after earnings

Published 07/28/2023, 07:32 AM
© Reuters.
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Investing.com - U.S. stock futures were trading marginally higher during Thursday's evening trade, following a negative session among major benchmark averages, with market participants monitoring better-than-expected macroeconomic releases as well as a deluge of corporate earnings results.

By 18:50 ET (22:50 GMT), Dow Jones futures were flat while S&P 500 futures and Nasdaq 100 futures each ticked 0.1% higher.

In extended deals, Intel Corporation (NASDAQ:INTC) popped 8.4% after the company reported Q2 EPS of $0.13 versus expected losses of $0.04 per share. Revenue was reported at $12.9 billion versus $12.09B expected.

Roku Inc (NASDAQ:ROKU) lifted 8.7%, reporting Q2 losses of $0.76 per share versus expected losses of $1.27 per share, while revenue came in at $847.2 million versus $773.02M expected.

Sweetgreen Inc (NYSE:SG) shed 10.7% after reporting Q2 losses of $0.24 per share versus expected losses of $0.17 per share. Revenue for the quarter came in at $152.5M versus $155.41M expected.

Enphase Energy Inc (NASDAQ:ENPH) fell 12.9% after the company reported Q2 EPS of $1.47 versus $1.28 expected on revenues of $711.1M versus $725.83M expected.

Ahead in Friday's trade, investors will be looking toward fresh PCE price index data, as well as Michigan consumer sentiment and expectations.

On the earnings front, companies including Exxon Mobil Corp (NYSE:XOM), Procter & Gamble Company (NYSE:PG), AstraZeneca PLC (NASDAQ:AZN), and Aon PLC (NYSE:AON) are scheduled to report quarterly results.

During Thursday's regular trade, the Dow Jones Industrial Average slipped 237.4 points or 0.7% to 35,282.7, snapping 13 session of consecutive gain, the S&P 500 lost 29.3 points or 0.6% to 4,537.4, and the Nasdaq Composite fell 77.2 points or 0.6% to 14,050.1.

On the bond markets. United States 10-Year rates were at 3.997%.

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