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Dow futures slip as indices pull back on credit downgrade
Investing.com - U.S. stock futures were trading slightly negative during Tuesday's evening deals after major benchmark averages sold off during regular trade following Moody's downgrade of the financial sector.
By 19:30 ET (23:30 GMT), Dow Jones futures were down 0.1% while S&P 500 futures and Nasdaq 100 futures were flat.
In extended trading, Rivian Automotive (NASDAQ:RIVN) was 0.1% higher after the company reported losses of $1.27 per share versus expected losses of $1.43, while revenues came in at $1.12 billion versus $1B expected.
Lyft (NASDAQ:LYFT) moved 6.6% lower, reporting Q2 EPS of $0.16 versus expected losses of $0.01 per share, while revenues were reported at $1.02B, in line with expectations.
Upstart Holdings (NASDAQ:UPST) fell 19.4% after the company reported Q2 EPS of $0.06 versus expected losses of $0.07 per share. Revenues came in at $135.77 million versus $135.21M expected.
Ahead in Wednesday's session, investors will be looking toward earnings results from companies including Walt Disney Company (NYSE:DIS), Honda Motor (NYSE:HMC), and The Trade Desk (NASDAQ:TTD).
During Tuesday's regular trade, the Dow Jones Industrial Average fell 158.6 points or 0.5% to 35,314.5, the S&P 500 lost 19 points or 0.4% to 4,499.4, and the Nasdaq Composite lost 110.1 points or 0.8% to 13,884.3.
On the bond markets, United States 10-Year rates were at 4.017%.
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