Dow Futures Tick Lower as Sell-Off Continues By Investing.com


© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading lower in Thursday’s evening trade, after major benchmark indices continued to retreat throughout regular trading amid increasingly volatile conditions as rising nterest rates spooked investor sentiment.

By 6:45pm ET (10:45pm GMT) were down 0.2% while and fell 0.1% apiece.

In extended deals, Affirm Holdings Inc (NASDAQ:) popped 34.4% after Q3 losses of 19 cents per share, beating estimates of a 53 cent loss. Revenue for the quarter came in at $354.8 million versus $344.03 million expected.

Figs Inc (NYSE:) dipped 23.9% after weaker-than-expected first-quarter revenue. Q1 EPS came in at 5 cents versus analyst estimates of 6 cents, while revenue came in at $110.1 million versus $116.92 million expected.

Endeavor Group Holdings Inc (NYSE:) popped 12.7%, Q1 EPS of $1.16 versus 40 cents expected on revenue of $1.47 billion versus $1.33 billion expected.

New Relic Inc (NYSE:) dropped 10.1% after Q4 losses of 24 cents per share, versus expected losses of 21 cents. Revenue came in at $206 million versus $204.52 million expected.

Duolingo Inc (NASDAQ:) gained 12% after , as Q1 losses came in at 31 cents per share, beating analyst estimates of 57 cents loss. Revenue came in at $81.2 million versus $77.44 million expected.

Robinhood Markets Inc (NASDAQ:) jumped 23.1% after a security filing showed that FTX founder Sam Bankman-Fried purchased a 7.6% stake in Robinhood through a holding company.

During Thursday’s regular session, the lost 103.8 points or 0.3% to 31,730.3, the dipped 5.1 points or 0.1% to 3,930.1 and the added 6.7 points or 0.1% to 11,371.

On the bond markets, rates were at 2.855%.

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