Dow futures steady, Lyft tanks 30% after earnings By Investing.com


© Reuters

By Oliver Gray 

Investing.com – U.S. stock futures were trading lower during Thursday’s evening trade, after major benchmark averages finished the regular session lower as rising bond yields pressured technology stocks.

By 6:40pm ET (11:40pm GMT) remained little changed, while and added 0.1% apiece.

In extended deals, LYFT Inc (NASDAQ:) cratered 30% after the company losses of 74 cents per share versus expected earnings of $0.15 per share, while revenues were reported at $1.18 billion versus $1.15 billion expected.

Expedia Inc (NASDAQ:) lost 1.9% after the company   EPS of $1.26 versus $1.69 expected on revenues of $2.62 billion versus $2.77 billion expected.

PayPal Holdings Inc (NASDAQ:) dipped 0.2% after the company EPS of $1.24 versus $1.2 expected on revenues of $7.38 billion versus $7.39 billion expected.

Ahead in Friday’s session, investors will be monitoring the preliminary Michigan and surveys, as well as a speech from the Fed’s .

During the regular trading session, The  lost 249.1 points or 0.7% 33,699.9,  the  fell 36.3 points or 0.9% to 4,081.5 and the lost 120.9 points or 1% to 11,789.6.

On the bond markets, rates were at 3.669%.

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