Dow futures tick higher, Gitlab surges 20% after earnings By Investing.com


© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark indices finished the regular session lower as stronger than expected data strengthened the case for larger rate hikes at the Federal Reserve’s December meeting.

By 6:25pm ET (11:25pm GMT) , and were each trading 0.1% higher.

In extended deals, Gitlab Inc (NASDAQ:) added 20.4% after Q3 losses of $0.10 per share versus expected losses of $0.15 per share, while revenue came in at $113 million versus $106.04 million expected.

Sumo Logic Inc (NASDAQ:) added 11.7% after the company Q3 losses of $0.04 per share versus expected losses of $0.15 per share, while revenue was reported at $79 million versus $74.21 million expected.

Ahead in Tuesday’s session, market participants will be monitoring data as well as fresh earnings results from Smith & Wesson Brands Inc (NASDAQ:) and Stitch Fix (NASDAQ:).

During Monday’s regular session, the lost 482.8 points or 1.4% to 33,947.1, the fell 72.9 points or 1.8% to 3,998.8 and the shed 221.6 points or 1.9% to 11,239.9.

On the bond markets, rates were at 3.583%.

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