Dow futures mixed on banking crisis, Adobe adds 4.6% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a mixed fashion during Wednesday's evening trade amid growing fears of a widespread banking crisis as Credit Suisse (SIX:CSGN) tanked 30% during the regular session after Saudi National Bank (TADAWUL:1180) ruled out further investment.

By 18:40 ET (22:40 GMT) Dow Jones Futures were flat, S&P 500 futures ticked 0.1% higher, and Nasdaq 100 futures added 0.2%.

In extended deals, Adobe Systems (NASDAQ:ADBE) added 4.6% after reporting Q1 EPS of $3.80 versus $3.68 expected on revenues of $4.66 billion versus $4.62B expected. The company forecast Q2 2023 EPS in the range of $3.75-$3.80 versus $3.76 expected and revenues of $4.75B-$4.78B versus consensus of $4.76B.

LivePerson (NASDAQ:LPSN) dropped 38.7% LOWER, reporting Q4 EPS losses of $0.55 per share versus estimates of $0.12, while revenue came in at $122.5 million versus $126.93M.

UiPath (NYSE:PATH) added 12.6% after the company reported Q4 EPS of $0.15 versus $0.06 expected on revenues of $308.5M versus $278.64M expected.

Ahead in Thursday's trade, investors will be monitoring preliminary building permits, import and export price index data, housing starts, weekly jobless claims, and the Philadelphia Fed manufacturing index.

During Wednesday's regular session, the Dow Jones Industrial Average fell 280.8 points or 0.9% to 31,874.6, the S&P 500 lost 27.4 points or 0.7% to 3,891.9, while the Nasdaq Composite added 5.9 points or 0.1% to 11,434.1.

On the bond markets, United States 10-Year yields were at 3.462%.