Dow futures steady, Lyft tanks 30% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Thursday’s evening trade, after major benchmark averages finished the regular session lower as rising bond yields pressured technology stocks.

By 18:40 ET (23:40 GMT) Dow Jones futures remained little changed, while S&P 500 futures and Nasdaq 100 futures added 0.1% apiece.

In extended deals, LYFT Inc (NASDAQ:LYFT) cratered 30% after the company reported losses of 74 cents per share versus expected earnings of 15 cents per share, while revenues were reported at $1.18 billion versus $1.15B expected.

Expedia Inc (NASDAQ:EXPE) lost 1.9% after the company reported  EPS of $1.26 versus $1.69 expected on revenues of $2.62B versus $2.69B expected.

PayPal Holdings Inc (NASDAQ:PYPL) dipped 0.2% after the company reported EPS of $1.24 versus $1.2 expected on revenues of $7.38B versus $7.39B expected.

Ahead in Friday’s session, investors will be monitoring the preliminary Michigan expectations and sentiment surveys, as well as a speech from the Fed’s Waller.

During the regular trading session, The Dow Jones Industrial Average lost 249.1 points or 0.7% 33,699.9,  the S&P 500 fell 36.3 points or 0.9% to 4,081.5, and the NASDAQ Composite lost 120.9 points or 1% to 11,789.6.

On the bond markets, United States 10-Year rates were at 3.669%.