Dow futures tick lower after closing at record, market awaits key inflation data

Investing.com - Monday evening saw a minor dip in stock futures as investors braced for a significant inflation report set to be released.

By 6:50 pm ET (11:50 pm GMT) Dow Jones Futures and S&P 500 Futures ticked 0.1% lower while Nasdaq 100 Futures dipped 0.2%.

In extended deals, ZoomInfo Technologies Inc (NASDAQ:ZI) surged 22.9% after reporting EPS of $0.26 versus $0.25 expected on revenues of $316.4 million versus $310.68 million expected. The company also reported solid guidance for the first quarter and full year.

Arista Networks (NYSE:ANET) declined 6.9% after reporting Q4 EPS of $2.08 versus $1.7 expected on revenues of $1.54 billion versus $1.53 billion expected.

Cadence Design Systems Inc (NASDAQ:CDNS) declined 6.5% despite reporting EPS of $1.38 versus $1.34 expected. Revenues were reported at $1.07 billion versus $1.06 billion expected.

During regular trading hours, the Dow Jones Industrial Average, closed at a new record high. Although the S&P 500 index ended the day slightly down by nearly 0.1%, it recently achieved a milestone by closing above 5,000 for the first time last Friday. The Nasdaq Composite index also saw a slight decrease, slipping by 0.3%. Despite these minor drops, all three major indexes have maintained a five-week winning streak.

Gain fundamental insights for any stock with InvestingPro - Receive an additional 10% off the Pro+ subscription using the promo code "INVPRODEAL".

Investors are now turning their attention to the January Consumer Price Index report, due on Tuesday morning, for the latest insights into inflation. The Federal Reserve officials are expected to scrutinize the report's findings closely as they consider the future course for rate policy.

Several high-profile companies are set to release their earnings reports on Tuesday. These include beverage titan Coca-Cola Co (NYSE:KO), toy manufacturer Hasbro Inc (NASDAQ:HAS), and hospitality giant Marriott International Inc (NASDAQ:MAR) in the morning. After the market closes, casino operator MGM Resorts International (NYSE:MGM) and kidney dialysis company DaVita HealthCare Partners Inc (NYSE:DVA) will announce their results.

On the bond markets, United States 10-Year were at 4.179%.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: