Dow Futures Remain Flat as Indices Extend Losses

By Oliver Gray 

Investing.com - U.S. stock futures were little changed during Tuesday’s evening deals, as investors continued to retreat while United States 10-Year bond yields rose to 4-month highs.

By 19:20 ET (23:20 GMT) Dow Jones Futures and S&P 500 Futures remained little changed, while Nasdaq 100 Futures declined 0.1%.

In extended deals, UiPath Inc (NYSE:PATH) fell 16.4% after the company reported Q2 losses of $0.02, better than expected losses of $0.11 per share. Revenue came in at $242.2 million versus $230.64 million expected.

Coupa Software (NASDAQ:COUP) added 13.1% after reporting Q2 EPS of $0.20 versus $0.09 expected while revenue was reported at $211 million versus $203.83 million expected.

Guidewire Software (NYSE:GWRE) fell 0.3% after reporting Q4 EPS of $0.03, better than expected losses of $0.01 per share. Revenue for the quarter came in at $244.6 million versus $229.57 million expected.

Ahead during Wednesday’s session, Federal Reserve is set to release its summary of current economic conditions, in its Beige Book, while Mester and Brainard are scheduled to speak at various events.

During Tuesday’s session, the Dow Jones Industrial Average fell about 173.1 points or 0.6% to 31,145.3, the S&P 500 lost 16.1 points or 0.4% to 3,908.2, and the NASDAQ Composite dropped 86 points or 0.7% to 11,544.9, posting its first 7-session losing streak since 2016.

On the bond markets, United States 10-Year yields were at 4-month highs of 3.351%.