Dow Futures Trade Mixed, Tesla Dips 5.3% as Revenue Disappoints
Investing.com
Published Oct 19, 2022 07:20PM ET
By Oliver Gray
Investing.com - U.S. stock futures were trading mixed during Wednesday’s evening deals, after major benchmark averages snapped a two-day rally as the U.S. Dollar and yields resumed their moves higher.
By 19:10 ET (23:10 GMT) Dow Jones Futures were trading flat, S&P 500 Futures were down 0.2%, and Nasdaq 100 Futures fell 0.5%.
In extended deals, Tesla Inc (NASDAQ:TSLA) fell 5.3% as the company reported Q3 EPS of $1.05, slightly above estimates of $1.03, while revenue came in at $21.45 billion versus $22.5 billion expected.
International Business Machines (NYSE:IBM) added 3.3% after the company reported Q3 EPS of $1.81, just above estimates of $1.79, while revenue was reported at $14.11 billion versus $13.54 billion expected.
WD-40 Company (NASDAQ:WDFC) moved 6.7% lower after reporting Q4 EPS of $1.08 versus $1.25 expected, while revenue came in at $130.4 million versus $131.1 million expected.
Alcoa Corp (NYSE:AA) dipped 8.6% after reporting Q3 losses of $0.33 per share, below expected earnings of $0.19 per share. Revenue came in at $2.85 billion versus $3.01 billion expected.
Ahead in Thursday’s session, investors will be tracking the Philadelphia Fed Manufacturing Index and jobless claims data, while earnings results from American Airlines Group (NASDAQ:AAL), AT&T Inc (NYSE:T), Alaska Air Group Inc (NYSE:ALK), and Union Pacific Corporation (NYSE:UNP) will also be closely watched.
During Wednesday’s regular session, the Dow Jones Industrial Average declined 100 points or 0.3% to 30,423.8, the S&P 500 dipped 24.8 points or 0.7% to 3,695.2 and the NASDAQ Composite fell 91.9 points or 0.9% to 10,680.5.
On the bond markets, United States 10-Year rates surged to fresh 14-year highs of 4.138%.
Get The News You Want
Written By: Investing.com
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.