Dow futures trade flat, PPI data in focus

By Oliver Gray 

Investing.com - U.S. stock futures were trading steady during Thursday’s evening deals, after major benchmark averages snapped and finished the regular session higher, with the S&P 500 snapping 5 sessions of consecutive declines.

By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading flat.

In extended deals, DocuSign (NASDAQ:DOCU) added 9.9% after reporting Q3 EPS of $0.57 versus $0.42 expected on revenues of $645.5 million versus $627M.

Lululemon Athletica (NASDAQ:LULU) shed 7.1% after the company reported Q3 EPS of $2.00 versus $1.96 expected, while revenue came in at $1.9 billion versus $1.81B expected.

Broadcom (NASDAQ:AVGO) lifted 3.5% after reporting Q4 EPS of $10.45, better than $10.28 expected, while revenue was reported at $8.93B versus $8.9B expected.

Chewy (NYSE:CHWY) fell 2.3%, reporting Q3 EPS of $0.01, beating expected losses of $0.09 per share. Revenue came in at $2.53B versus $2.46B expected.

Domo, Inc. (NASDAQ:DOMO) fell 3.3% after the company reported Q3 losses of $0.13 per share, better than expected losses of $0.26 per share. Revenue came in at $79M versus $76.38M expected.

Cooper Companies Inc (NYSE:COO) lost 1.9% after reporting Q4 EPS of $2.75 versus $3.13 expected on revenues of $848.1M versus $841.65M expected.

Ahead in Friday’s session, investors will be closely monitoring fresh producer price index data for signs of cooling inflation ahead of next week’s CPI reading and the U.S. Federal Reserve’s interest rate decision, with policymakers expected to raise rates by 50 basis points.

During Thursday’s regular trade, the Dow Jones Industrial Average gained 183.6 points or 0.6% to 33,781.5, the S&P 500 added 29.6 points or 0.8% to 3,963.5, and the NASDAQ Composite lifted 123.5 points or 1.1% to 11,082.

On the bond markets, United States 10-Year rates were at 3.489%.