Investing.com - U.S. stock futures were trading in a tight range during Wednesday's evening deals, after major benchmark averages declined for the third consecutive session as Federal Reserve Chair Jerome Powell flagged further interest rate rises in order to combat inflation.
By 19:00 ET (23:00 GMT), Dow Jones futures and S&P 500 futures were steady, while Nasdaq 100 futures lost 0.1%.
In extended deals, Avid Bioservices (NASDAQ:CDMO) shed 21.1% after reporting Q4 EPS of $0.05 versus $0.01 expected on revenues of $39.8 million versus $38.91M expected. The company also forecasted FY2024 revenue in the range of $145M-$165M versus $181.27M expected.
Ahead in Thursday's session, investors will be looking towards Q1 current account data, initial jobless claims, existing home sales, and the Fed's balance sheet as well as speeches from Waller, Bowman, Powell, and Mester.
Earnings results from companies including Accenture plc (NYSE:ACN), Darden Restaurants Inc (NYSE:DRI), Commercial Metals Company (NYSE:CMC), and GMS Inc (NYSE:GMS) will also be monitored.
During Wednesday's regular trade the Dow Jones Industrial Average fell 102.4 points or 0.3% to 33,951.5, the S&P 500 dipped 23 points or 0.5% to 4,365.7, and the Nasdaq Composite lost 165.1 points or 1.2% to 13,502.2.
On the bond markets, United States 10-Year rates were at 3.727%.
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