Dow futures steady; Lyft, Airbnb report results

Investing.com - US stock futures exhibited a relatively calm trend on Tuesday night, following the Dow Jones Industrial Average's most significant drop since March 2023.

By 6:30 pm ET (11:30 pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading within a range of 0.1%.

In post-market trading, LYFT Inc (NASDAQ:LYFT) soared 18.1% after the ride-sharing company reported Q4 EPS of $0.17 versus $0.08 expected, while revenues were reported in line with expectations at $1.22 billion.

Airbnb Inc (NASDAQ:ABNB) fell 4.5% after the company reported losses of $0.55 per share versus EPS of $0.65 expected. Revenues came in at $2.2 billion versus $2.16 billion expected.

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During Tuesday's regular trading session, the 30-stock Dow Jones Industrial Average experienced a 1.35% drop, marking its most challenging day since March 2023. The S&P 500 fell by 1.37%, and the NASDAQ Composite declined by 1.8%. A higher-than-expected inflation figure triggered this sell-off, as traders grew concerned that the Federal Reserve might delay cutting interest rates.

Investors and analysts will be keenly awaiting comments from Goolsbee, President of the Chicago Federal Reserve, on Wednesday.

On the bond markets, 10-year rates were at 4.326%.

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