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Dow futures trade flat, Rent the Runway surges 23.5% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were little changed during Wednesday’s evening deals, after major benchmark averages finished mixed as investors weighed growing prospects of an economic downturn.

 By 18:20 ET (23:20 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading within a range of 0.1%.

In extended deals, Rent the Runway Inc (NASDAQ:RENT) popped 23.5% after reporting Q3 losses of $0.56 per share versus expected losses of $0.71 per share, while revenue came in at $77.4 million versus $79.88M.

HashiCorp Inc (NASDAQ:HCP) lifted 6.9% after the company reported Q2 losses of $0.13 per share versus expected losses of $0.32 per share. Revenue was reported at $125.3M versus $111.09M expected.

Ahead in Thursday’s trade, market participants will be looking toward fresh jobless claims data, while earnings results from companies including Costco Wholesale Corp (NASDAQ:COST), Lululemon Athletica Inc (NASDAQ:LULU), DocuSign Inc (NASDAQ:DOCU), and Broadcom Inc (NASDAQ:AVGO) will also be closely monitored.

During Wednesday’s regular trade, the Dow Jones Industrial Average finished little changed at 33,597.9, the S&P 500 fell 7.3 points or 0.2% to 3,933.9, and the NASDAQ Composite lost 56.3 points or 0.5% to 10,958.6.

On the bond markets, United States 10-Year rates were at 3.421%.

 

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