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Dow futures tick lower, Dell falls 3% after earnings
Dow futures tick lower, Dell falls 3% after earnings By Investing.com
Breaking News
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Stock Markets 5 hours ago (Mar 02, 2023 06:50PM ET)
(C) Reuters.
By Oliver Gray
Investing.com – U.S. stock futures ticked lower during Thursday’s evening trade, after major benchmark indices posted a positive session on investor optimism of a pause on aggressive interest rate hikes from Federal Reserve policymakers.
By 6:40pm ET (11:40pm GMT) Dow Jones Futures and S&P 500 Futures were 0.1% lower, while Nasdaq 100 Futures dipped 0.2%.
In extended deals, Dell Technologies (NYSE:DELL) lost 3% after the company reported Q4 EPS of $1.80 versus $1.65 expected on revenues of $25 billion versus $23.51 billion expected.
Hewlett Packard Enterprise Co (NYSE:HPE) added 1.9% after reporting Q1 EPS of $0.63 versus $0.54 expected on revenues of $7.8 billion versus $7.44 billion expected. The company also forecasted Q2 2023 EPS of $0.44-$0.52 versus $0.47 expected, while revenues are forecasted to total $7.1-7.5 billion versus $7.04 billion expected.
ChargePoint Holdings Inc (NYSE:CHPT) dipped 13.6%, reporting Q4 losses of $0.23 versus $0.19 expected on revenues of $152.8 million versus $165.09 million.
Ahead in Friday’s trade, market participants will be focused on the Markit and ISM Services PMIs, as well as speeches from the Fed’s Logan the FOMC members Bostic and Bowman.
During Thursday’s session, the Dow Jones Industrial Average added 341.7 points or 1.1% to 33,003.6, the S&P 500 gained 29.9 points or 0.8% to 3,981.3 and the NASDAQ Composite lifted 83.5 points or 0.7% to 11,463.
On the bond markets, United States 10-Year rates were at fresh 4-month highs of 4.062%.
Dow futures tick lower, Dell falls 3% after earnings
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