Dow futures move higher after negative session

By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark averages finished the regular trading session lower as last week’s optimism about slowing inflation pressures faded, with investors weighing comments from the Fed’s Brainard and Waller.

By 18:30 ET (23:30 GMT) Dow Jones Futures added 0.2%, S&P 500 Futures were up 0.3%, and Nasdaq 100 Futures gained 0.4%.

In extended deals, Nu Holdings Ltd (NYSE:NU) added 14.9% after reporting earnings results, with revenues coming in at $1.3 billion versus $1.23B expected.

Shoals Technologies Group Inc (NASDAQ:SHLS) lifted 16.2% as the company reported Q3 EPS of $0.10 versus $0.08 expected revenue came in at $90.8 million versus $83.03M.

Meantime, Taiwan Semiconductor Manufacturing (NYSE:TSM), Louisiana-Pacific Corporation (NYSE:LPX), and Jefferies Financial Group Inc (NYSE:JEF) popped 5.7%, 10%, and 5%, respectively, as Warren Buffett’s Berkshire Hathaway (NYSE:BRKb) revealed positions in the companies.

Ahead in Tuesday’s session, fresh producer price index data, as well as comments from Harker, Cook and Barr, will be scrutinized for insights into the Federal Reserve’s plans for monetary policy.

In addition, fresh earnings results from major retailers including Walmart Inc (NYSE:WMT), Home Depot Inc (NYSE:HD), Target Corporation (NYSE:TGT), Lowe’s Companies Inc (NYSE:LOW), and Foot Locker Inc (NYSE:FL) will be closely monitored throughout the week.

During Monday’s regular session, The Dow Jones Industrial Average fell 211.2 points or 0.6% to 33,536.7. The S&P 500 dipped 35.7 points or 0.9% to 3,957.3 and the NASDAQ Composite lost 127.1 points or 1.1% to 11,196.22.

On the bond markets, United States 10-Year rates were at 3.863%.