By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday’s evening deals, following a strong rally among major benchmark average during regular trade as highly anticipated inflation data eased slightly from 41-year highs.
By 7:00pm ET (11:00pm GMT) Dow Jones Futures were little changed while S&P 500 Futures and Nasdaq 100 Futures dipped 0.2% apiece.
In extended deals, Walt Disney (NYSE:DIS) added 6.8% after reporting Q3 EPS of $1.09 versus $0.98 expected on revenue of $21.5 billion versus $20.99 billion expected.
Sonos (NASDAQ:SONO) fell 19% after reporting Q3 EPS of $0.19, beating estimates of $0.06 while revenue came in at $371.8 million versus $424.03 million expected.
Bumble Inc (NASDAQ:BMBL) dipped 11.6% after the company reported Q2 losses of $0.03 per share, worse than expected losses of $0.01 per share. Revenue came in at $220.45 million versus $219.55 million.
Vacasa Inc (NASDAQ:VCSA) lifted 29.6% after reporting Q2 EPS of $0.02, better than expected losses of $0.18, while revenue came in at $310.35 million versus $285.46 million expected.
Matterport Inc (NASDAQ:MTTR) gained 16.8%, reporting Q2 losses of $0.12,slightly beating expected losses of $0.14. Revenue came in at $28.48 million versus $29.6 million expected.
Applovin Corp (NASDAQ:APP) fell 9.3% after reporting Q2 losses of $0.06, below expected EPS of $0.15. Revenue came in at $776.23 million versus $839.67 million expected.
Ahead in Thursday’s session, investors will be tracking initial jobless claims data as well as July’s producer price index print. Earnings from companies such as Rivian Automotive Inc (NASDAQ:RIVN), Warby Parker Inc (NYSE:WRBY) and Poshmark Inc (NASDAQ:POSH) will also be closely monitored.
During Wednesday’s regular session the Dow Jones Industrial Average jumping 535.1 points or 1.6% to 33,309.5, the S&P 500 added 2.1% to 4,210.2 and the NASDAQ Composite gained 2.9% to 12,854.8.
On the data front, the headline consumer price index for July came in at 8.5%, below 8.7% expected and cooling from 41-year highs, sparking speculation of less aggressive rate hikes at the U.S. Federal Reserve’s next meeting.
On the bond markets, United States 10-Year rates were at 2.785%.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.