Dow futures retreat, Carvana down 3.8% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a tight range during Thursday’s evening deals, after major benchmark indices finished in positive territory.

By 18:50 ET (23:50 GMT) Dow Jones futures and S&P 500 futures were down 0.2%, while Nasdaq 100 futures declined 0.3%.

In extended deals, Carvana Co (NYSE:CVNA) dipped 3.8% after reporting losses of $7.61 per share versus expected losses of $2.12, while revenues came in at $2.84 billion versus $3.07B expected.

Beyond Meat (NASDAQ:BYND) added 13.1% after reporting Q4 losses of $1.05 per share versus expected losses of $1.18 per share, while revenue was reported at $79.9 million versus $75.92M expected.

Block Inc (NYSE:SQ) added 6.7% after reporting Q4 EPS of $0.22 versus $0.30 expected on revenues of $4.65B versus $4.62B.

Meantime, Boeing Co (NYSE:BA) shed 2.7% after temporarily halting 787 Dreamliner Jet deliveries due to a fuselage issue.

Ahead in Friday’s session, investors will be looking ahead to the PCE price index, personal income, personal spending, new home sales data, the Michigan consumer expectations and sentiment surveys, as well as speeches from Fed Governor Jefferson and the FOMC’s Mester.

During Thursday’s regular session, the Dow Jones Industrial Average added 108.8 points or 0.3% 33,153.9, the S&P 500 gained 21.3 points or 0.5% to 4,012.3, and the NASDAQ Composite added 83.3 points or 0.7% to 11,590.4.

On the bond markets, United States 10-Year yields were at 3.883%.