Dow futures tick higher, Apple lifts 2.1% after earnings

Investing.com - U.S. stock futures were trading higher during Thursday's evening trade after benchmark indices declined for the fourth consecutive session amid continuing banking stresses, while market participants monitored earnings results from tech giant Apple Inc.

By 18:50 ET (22:50 GMT), Dow Jones futures lifted 0.1%, S&P 500 futures were up 0.2%, and Nasdaq 100 futures lifted 0.3%.

In extended deals, Apple Inc (NASDAQ:AAPL) added 2.1% after reporting Q2 EPS of $1.52 versus $1.43 expected on revenues of $94.8 billion versus $92.9B expected. The company also lifted its quarterly dividend by 4.3%.

Lyft Inc (NASDAQ:LYFT) dropped 15%, reporting Q1 losses of $0.50 per share, well below expected losses of $0.08 per share. Revenue was reported at $1B versus $981.71 million expected.

Microchip Technology Inc (NASDAQ:MCHP) dipped 5.3% after the company reported Q4 EPS of $1.64 versus $1.62 expected on revenue of $2.23B which was in line with expectations.

DoorDash Inc (NYSE:DASH) added 4.7%, reporting Q1 losses of $0.41 per share versus losses of $0.58 per share expected, while revenues came in at $2.04B versus $1.93B expected.

Ahead in Friday's trade, investors will be looking towards average hourly earnings data and nonfarm payrolls, as well as a speech from Fed Governor Cook.

During Thursday's regular trade, the Dow Jones Industrial Average fell 286.5 points or 0.9% to 33,127.7, the S&P 500 dipped 29.5 points or 0.7% to 4,061.2, the Nasdaq Composite fell 58.9 or 0.5% to 11,966.4.

On the bond markets, United States 10-Year rates were at 3.377%.