© Reuters
By Oliver Gray
Investing.com – U.S. stock futures dipped during Monday’s evening trade as investors remained cautious after major benchmark averages attempted to rebound during the regular session.
By 6:45pm ET (10:45pm GMT) were down 0.4%, fell 0.8% and dipped 1.5%.
In extended deals, Snap Inc (NYSE:) plunged 30.9% after warning that the company will miss its own targets for revenue and adjusted earnings in the current quarter due to a faster than expected deterioration of the macroeconomic environment. Pinterest Inc (NYSE:) and Meta Platforms Inc (NASDAQ:) also fell 12.6% and 7.5% respectively after the report, while Alphabet Inc (NASDAQ:) and Twitter Inc (NYSE:) fell 3.7% apiece.
Nautilus Group Inc (NYSE:) moved 16.3% lower after the company Q4 losses of 58 cents per share, in-line with market expectations, while revenue came in at $119.7 million versus $120.85 million expected.
Zoom Video Communications Inc (NASDAQ:) moved 6.2% higher after Q1 EPS of $1.03 versus $0.87 expected, while for the quarter came in at $1.07 billion, in-line with market expectations.
Investors will be closely monitoring data and a from Fed Chair Powell while Nordstrom Inc (NYSE:), Best Buy Co Inc (NYSE:) and Ralph Lauren Corp (NYSE:) are set to report earnings results.
During Monday’s regular trading session, the jumped 618 points, or nearly 2% to 31,880.3, the rose 72.4 points or 1.9% to 3,973.8 and the gained 1.6% to 11,535.3.
Gains were led by heavyweight financial companies with JPMorgan Chase & Co (NYSE:) gaining 6.2% after raising its guidance for full-year net interest income. Bank of America Corp (NYSE:) lifted 6%, Citigroup Inc (NYSE:) gained 6.1% and Wells Fargo & Company (NYSE:) lifted 5.2%.
On the bond markets, yields were at 2.86%.
Be the first to comment