Dow Futures Lift as Indices Extend Gains for 4th Session

By Oliver Gray

Investing.com - U.S. stock futures traded higher during Monday’s evening deals, after major benchmark indices extended gains for the fourth consecutive session as investors proved optimistic ahead of Tuesday’s consumer price index report.

By 19:20 ET (23:20 GMT) Dow Jones Futures were up 0.1%, while S&P 500 Futures and Nasdaq 100 Futures lifted 0.2% apiece.

Among reporting companies, Oracle Corporation (NYSE:ORCL) added 1.4% as the company reported Q1 EPS of $1.03 versus $1.08 expected, on revenue of $11.45 billion versus $11.33 billion.

Rent the Runway Inc (NASDAQ:RENT) dipped 22.9% after reporting Q2 losses of $0.53 per share, better than expected losses of $0.65 per share. Revenue was reported at $76.5 million versus $73.57 million expected.

Planet Labs PBC (NYSE:PL) added 8.9%, reporting losses of $0.07 per share, slightly worse than expected losses of $0.14 per share. Revenue came in at $48.5 million versus $42.4 million.

Braze Inc (NASDAQ:BRZE) fell 4.9%, reporting Q2 losses of $0.16 per share, better than expected losses of $0.20 per share. Revenues came in at $86.1 million versus $81.16 million expected.

Ahead in Tuesday’s session, market participants will be closely monitoring the August CPI report, amid expectations that headline inflation has eased 0.1% on a monthly basis.

During Monday’s regular trade, the Dow Jones Industrial Average gained 229.6 points or 0.7% to 32,381.3, the S&P 500 rose 1.1% to 4,110.4, and the NASDAQ Composite gained 1.3% to finish at 12,266.4.

On the bond markets, United States 10-Year yields were at 3.358%.