Dow futures steady, Chegg surges 23.9% after earnings

Investing.com - U.S. stock futures were trading in a tight range during Monday's evening deals, following a positive session among major benchmark averages as investors parsed corporate earnings results ahead of key inflation data due later in the week.

By 18:50 ET (22:50 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each trading within a range of 0.1%.

In extended deals, Chegg (NYSE:CHGG) surged 23.9% after the company reported Q2 EPS of $0.28, in line with the analyst estimates of $0.28. Revenue for the quarter came in at $182.85 million versus $176.5M expected.

Palantir Technologies Inc (NYSE:PLTR) added 2.5% after the company reported EPS of $0.05, in line with expectations, while revenues came in at $533M versus $534.2M expected.

Lucid Group Inc (NASDAQ:LCID) added 3.7%, reporting Q2 losses of $0.40 per share versus expected losses of $0.35 per share. Revenues came in at $150.9M versus $191.41M expected.

Beyond Meat (NASDAQ:BYND) dipped 10.9% after the company reported Q2 losses of $0.83 per share versus expected losses of $0.84 per share, while Revenue was reported at $102.1M versus $108.74M expected.

Ahead in Tuesday's trade, market participants will be monitoring NFIB small business optimism and wholesale inventories ahead of key CPI and PPI data set to be released later in the week.

Among earnings, companies including United Parcel Service Inc (NYSE:UPS), SoftBank Group Corp (OTC:SFTBY), Duke Energy Corporation (NYSE:DUK), and Eli Lilly and Company (NYSE:LLY) are set to report quarterly results.

During Monday's regular trade, the Dow Jones Industrial Average added 407.5 points or 1.12 to 35,473.1, the S&P 500 lifted 40.4 points or 0.9% to 4,518.4, and the Nasdaq Composite added 85.2 points or 0.6% to 13,994.4.

On the bond markets, United States 10-Year rates were at 4.091%.