Dow futures tick lower, CPI eases

 By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Tuesday's evening trade, after major indices posted a positive session with the Dow lifting from 5-week lows, as investors reacted positively to weakening inflation pressures following the seizure of SVB Financial Group (NASDAQ:SIVB) and Signature Bank (NASDAQ:SBNY).

By 18:45 ET (22:45 GMT) Dow Jones futures and Nasdaq 100 futures fell 0.2% apiece while S&P 500 futures dipped 0.1%.

In extended deals, Smartsheet (NYSE:SMAR) added 12.2% after the company reported Q4 EPS of $0.07 versus expected losses of $0.01 per share, while revenue came in at $212.3 million versus $206.25M expected. Smartsheet forecasted Q1 2024 EPS in the range of $0.08-$0.09 versus expected losses of $0.06 per share, while revenue was forecasted at $213M-$215M versus consensus of $217M.

SentinelOne (NYSE:S) added 5.7% after reporting Q4 losses of $0.13 per share versus expected losses of $0.16 per share, while revenue came in at $126.1M versus $124.69M expected.

Vacasa Inc (NASDAQ:VCSA) dipped 11.5%, reporting Q4 losses of $0.70 per share versus expected losses of $0.37 per share. Revenue was reported at $218M versus $206.24M expected.

Ahead in Wednesday's session, market participants will be looking towards producer price data, retail sales, and the NY empire state manufacturing index.

During Tuesday's regular trade, the Dow Jones Industrial Average added 336.3 points or 1.7% to 32,155.4, the S&P 500 lifted 63.5 points or 1.1% to 3,919.3, and the Nasdaq Composite gained 239.3 points or 2.1% to 11,428.2.

On the bond markets, United States 10-Year rates were at 3.685%, while United States 2-Year rates were at 4.246%.