U.S. stock futures were trading little higher during Tuesday’s evening trades as investors shifted their attention to impending corporate earnings announcements from businesses including NVIDIA Corporation (NASDAQ: NVDA), following a mixed morning for the main benchmark averages. The Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading 0.1% higher by 6:50 …
U.S. stock futures were trading little higher during Tuesday’s evening trades as investors shifted their attention to impending corporate earnings announcements from businesses including NVIDIA Corporation (NASDAQ: NVDA), following a mixed morning for the main benchmark averages. The Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading 0.1% higher by 6:50 p.m. ET (10:50 p.m. GMT).
Urban Outfitters (NASDAQ: URBN) gained 5.3% in extended trading after announcing Q2 earnings per share of $1.10 versus $0.89 anticipated and revenues of $1.27 billion versus $1.25 billion anticipated. After reporting Q1 earnings per share of $0.62 versus $0.54 expected and revenues of $482 million versus $476.2 million projected, La-Z-Boy Incorporated (NYSE: LZB) declined 3.3%. After reporting Q3 earnings per share of $3.73 versus $2.84 expected and revenues of $2.69 billion versus $2.4 billion projected, Toll Brothers (NYSE: TOL) gained 0.6%. Market players will closely watch building permits, new home sales, as well as manufacturing and services PMIs, ahead of Wednesday’s session.
The following firms are anticipated to report earnings this quarter: NVIDIA Corporation (NASDAQ: NVDA), Snowflake Inc. (NYSE: SNOW), Autodesk Inc. (NASDAQ: ADSK), Kohl’s Corp. (NYSE: KSS), Peloton Interactive Inc. (NASDAQ: PTON), Foot Locker Inc. (NYSE: FL), and Abercrombie & Fitch Company (NYSE: ANF). The Dow Jones Industrial Average dropped 174.9 points or 0.5% to 34,288.8 during Tuesday’s regular trading hours, while the S&P 500 The NASDAQ Composite managed a meagre gain of 8.3 points or 0.1% to end the day at 13,505.9 while the S&P 500 dropped 12.2 points or 0.3% to 4,387.5. On the bond markets, the 10-year Treasury rate for the United States increased to 4.332%, a new 15-year high.
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