Nov 22, 2023: US stock futures ticked lower during Tuesday’s evening deals, extended a negative session for major benchmarks as investors evaluated Nvidia’s latest earnings results.
By (6:30 pm ET (11:30 pm GMT) Dow Jones Futures eased 0.1%, S&P 500 Futures were down 0.2% and Nasdaq 100 Futures lost 0.3%.
In extended deals, NVIDIA Corporation (NASDAQ:NVDA) fell by 1.5% after reporting Q3 EPS of $4.02 versus $3.36 expected on revenues of $18.12 billion versus $16.18 billion expected. However, the company did caution that export restrictions on China could impact its fiscal fourth-quarter results.
Autodesk Inc (NASDAQ:ADSK) dipped 3.7% after the company reported EPS of $2.07 versus $1.99 expected on revenues of $1.41 billion versus $1.39 billion expected.
HP Inc (NYSE:HPQ) lost 3.1% after reporting EPS of $0.9, in line with expectations, while revenues came in at $13.8 billion versus $ 13.82 billion expected.
Guess? Inc (NYSE:GES) shed 14.7%, reporting EPS of $0.49 versus $0.62 expected on revenues of $651.2 million versus $ 655.98 million expected.
Ahead in Wednesday’s trade, investors will be closely monitoring core durable goods orders, jobless claims and Michigan’s consumer sentiment and expectations indexes.
During Tuesday’s regular session, The Dow Jones Industrial Average fell 0.2%, the S&P 500 lost 0.2% and the NASDAQ Composite dropped 0.6%. This follows the Federal Reserve’s signal that monetary policy will remain restrictive, with no indication of imminent interest rate cuts.
On the bond markets, United States 10-Year rates were at 4.398%.
Source Courtesy: Investing.com