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Dow Futures Trade Flat as Retail Earnings Boost Sentiment

Published 08/16/2022, 07:40 PM
© Reuters
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By Oliver Gray 

Investing.com - U.S. stock futures remained little changed during Tuesday’s evening deals, following gains among the Dow and S&P 500 amid better-than-expected earnings from major retailers.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were down by 0.1% apiece.

In extended deals, Agilent Technologies (NYSE:A) moved 6.6% higher after reporting Q3 EPS of $1.34, beating expectations of $1.20 while revenue came in at $1.72 billion versus $1.64 billion.

Jack Henry & Associates Inc (NASDAQ:JKHY) fell 4.8% as the company reported Q4 EPS of $1.10 versus $1.00 expected on revenues of $482.7 million versus $480.3 million expected.

Lulu's Fashion Lounge Holdings Inc (NASDAQ:LVLU) fell 3.1% after reporting Q2 EPS of $0.22, in line with expectations, while revenue came in at $131.5 million versus $133.18 million expected.

QuickLogic Corporation (NASDAQ:QUIK) moved 1.3% higher after reporting Q2 losses of $0.00 per share, lower than expected losses of $0.03 per share. Revenue came in at $4.54 million versus $4.47 million.

During Tuesday’s regular trading, the Dow Jones Industrial Average added 239.6 points or 0.7% to 34,152, the S&P 500 added 8 points or 0.2% to 4,305.2 while the NASDAQ Composite slipped 25.5 points or 0.2% to 13,102.6.

Retailers boosted risk sentiment following strong quarterly results, with Walmart Inc (NYSE:WMT) adding 5.1% and Home Depot Inc (NYSE:HD) up 4.1%.

On the bond markets, United States 10-Year yields were at 2.808%.

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