U.S. stock futures were trading slightly lower during Monday’s evening trades, following a mixed session among key benchmark averages as the Nasdaq Composite and the S&P 500 each ended four straight sessions of drop ahead of the much-regarded Jackson Hole Symposium later in the week. By 6:35pm ET (10:35pm GMT), the Dow Jones Futures and …
U.S. stock futures were trading slightly lower during Monday’s evening trades, following a mixed session among key benchmark averages as the Nasdaq Composite and the S&P 500 each ended four straight sessions of drop ahead of the much-regarded Jackson Hole Symposium later in the week. By 6:35pm ET (10:35pm GMT), the Dow Jones Futures and S&P 500 Futures had both fallen 0.1%, while the Nasdaq 100 Futures had fallen 0.2%.
Zoom Video Communications Inc. (NASDAQ:ZM) saw a 4% increase in extended transactions after reporting Q2 earnings per share of $1.34 versus $1.06 expected and revenue of $1.14 billion versus $1.11 billion. As opposed to the $1.03 expected, the business projected earnings per share for the third quarter of 2024 to be between $1.07 and $1.09, and it projected revenues to be between $1.115 billion and $1.12 billion. After reporting Q3 earnings per share of $2.35 versus $2.32 expected and revenue of $649 million versus $664.94 million projected, Nordson Corp (NASDAQ: NDSN) saw a 5.1% decline. Fabrinet (NYSE:FN) increased 16.9% after announcing Q4 EPS of $1.86 compared to $1.80 anticipated. As opposed to the $641.43 million forecast, revenue came in at $655.9 million.
Investors will be keeping an eye on existing home sales data and a speech from FOMC member Bowman ahead of Tuesday’s session. Among the firms expected to release quarterly results are Lowe’s firm’s Inc (NYSE: LOW), Medtronic PLC (NYSE:MDT), Dick’s Sporting Goods Inc (NYSE: DKS), and BJs Wholesale Club Holdings Inc (NYSE:BJ). The S&P 500 increased 30 points or 0.7% to 4,399.8 during Monday’s regular session, the NASDAQ Composite increased 206.8 points or 1.6% to 13,497.6, while the Dow Jones Industrial Average dropped 37 points or 0.1% to 34,463.7. United States 10-Year rates hit new 16-year highs of 4.342% in the bond markets.
Risk Disclaimer:
Please note that this article does not offer any instructions or suggestions regarding investment decisions. Therefore, it is essential that you carefully evaluate your financial situation and conduct thorough analysis, or seek advice from a qualified professional, before making any investment decisions.
