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Dow futures steady, Ross Stores up 5.5% after earnings

Published 08/18/2023, 08:00 AM
© Reuters.
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Investing.com - U.S. stock futures remained little changed during Thursday's evening trade after major benchmark indices extended declines for the third consecutive session as higher bond yields soured risk sentiment.

By 19:30 ET (23:30 GMT), Dow Jones futures were flat, S&P 500 futures were 0.1% lower, and Nasdaq 100 futures dipped 0.2%.

In extended deals, Ross Stores (NASDAQ:ROST) added 5.5% after reporting Q2 EPS of $1.32 versus $1.16 expected, while revenues came in at $4.93 billion versus $4.74B expected. The company also forecasted Q3 2024 EPS in the range of $1.16-$1.21 versus expectations of $1.16.

Bill.com Holdings (NYSE:BILL) lost 3.9%, reporting Q4 EPS of $0.59 versus $0.41 expected, while revenue was reported at $296 million versus $282.15M expected.

Keysight Technologies (NYSE:KEYS) dipped 8.2% after the company reported Q3 EPS of $2.19 versus $2.04 on revenue of $1.38B which was in line with expectations.

Farfetch (NYSE:FTCH) tanked 35.9%, reporting Q2 losses of $0.21 per share versus expected losses of $0.28 per share. Revenue was reported at $579.35M vs $648.27M expected.

Ahead in Friday's trade, quarterly earnings results from Palo Alto Networks (NASDAQ:PANW), Deere & Company (NYSE:DE), and Estee Lauder Companies (NYSE:EL) will be closely monitored by market participants.

During the regular session Thursday, the Dow Jones Industrial Average fell 290.91 points or 0.8% to 34,474.8, the S&P 500 lost 34 points or 0.8% to 4,370.4, and the Nasdaq Composite dipped 157.7 points or 1.2% to 13,316.9.

Among data releases, jobless claims came in at 239K versus 240K expected while the Philadelphia Fed manufacturing index bounced back to 12 following last month's reading of -13.5.

On the bond markets, the United States 10-Year yield was at 4.276%, its highest level since October 2022.

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