Dow futures trade flat, China’s COVID spike in focus By Investing.com


© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading steady during Monday’s evening deals, after major benchmark indices finished the regular session lower as market participants remained cautious after reports of China’s first COVID-related deaths since May stoked fears of fresh restrictions, while earnings results were also closely watched.

By 6:30pm ET (11:30pm GMT) , , were each trading flat.

In extended deals, Dell Technologies (NYSE:) lost 2.1% after Q3 EPS of $2.30, above expectations of $1.61, while revenue came in at $24.7 billion versus $24.4 billion.

Zoom (NASDAQ:) fell 7% after the company Q3 EPS of $1.07 versus $0.83 expected on revenue of $1.1 billion versus $1.09 billion expected.

Agilent Technologies (NYSE:) added 4% after Q4 EPS of $1.53, above $1.38 expected, while revenue was reported at $1.85 billion versus $1.76 billion expected.

Urban Outfitters (NASDAQ:) lifted 2.5% after Q3 EPS of $0.40 versus $0.42 expected, while revenues came in at $1.18 billion versus $1.16 billion expected.

Ahead in Tuesday’s session, investors will be closely monitoring speeches from Fed officials , and , while the Richmond and indices are also set to be released.

On the earnings front, market participants will be watching for results from Best Buy Co Inc (NYSE:), Helmerich and Payne Inc (NYSE:), Dollar Tree Inc (NASDAQ:) and Nordstrom Inc (NYSE:).

During Monday’s regular trade, the fell 45.4 points or 0.1%, to 33,700.3, the fell 15.4 points or 0.4% to 3,949.94 and the lost 121.6 points or 1.1% to 11,024.5.

On the bond markets, rates were at 3.84%.

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