Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow futures tick lower, Gap lifts 14.7% after earnings

Published 05/26/2023, 07:24 AM
Updated 05/26/2023, 07:24 AM
© Reuters.

Investing.com - U.S. stock futures were trading slightly lower during Thursday's evening deals, after major benchmark averages finished mixed as market participants monitored ongoing debt ceiling negotiations as well upcoming inflation data.

By 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were 0.1% lower while Nasdaq 100 Futures traded flat.

Analyze Q1 earnings results with InvestingPro.

In extended deals, Marvell Technology (NASDAQ:MRVL) popped 17.2% after reporting Q1 EPS of $0.31 versus $0.29 expected on revenues of $1.32 billion versus $1.3 billion expected.

Gap Inc (NYSE:GPS) lifted 14.7%, reporting Q1 EPS of $0.01 versus expected losses of $0.15 per share. Revenue was reported at $3.28B versus $3.29B expected.

Ulta Beauty (NASDAQ:ULTA) dipped 8.3% after the company reported Q1 EPS of $6.88 versus $6.82 expected. Revenues came in at $2.6B versus $2.62B expected.

Workday (NASDAQ:WDAY) lifted 7.9% after the company reported Q1 EPS of $1.31 versus $1.12 expected, while revenues came in at $1.68B versus $1.67B expected.

Ahead in Friday's trade, market participants will be monitoring core durable goods orders, PCE price index data, personal income and spending as well as Michigan consumer sentiment and expectations.

During Thursday's trade, the Dow lost 35.3 points or 0.1% to 32,764.7, the S&P 500 gained 36 points or 0.9% to 4,151.3 and the NASDAQ Composite lifted 213.9 points or 1.7% to 12,698.1.

On the bond markets, United States 10-Year rates were at fresh multi-month highs of 3.825%.

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.