Our Blog

Dow Futures Ease Ahead of Major Retailer Earnings

U.S. stock futures were trading slightly lower during Monday's evening deals after major benchmark averages finished the regular session higher as investors proved optimistic ahead of earnings reports from major retailers later in the week.

assetsfx

By 7:10pm ET (11:10pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower. In extended deals, Ginkgo Bioworks Holdings (NYSE: DNA) lifted 20.4% after the company reported Q2 losses of $0.41 per share,


👉 Keep Pushing Your Profitable Trading With 👈

✅AssetsFX✅

 


more significant than expected losses of $0.05 per share. Revenue was reported at $145 million versus $78.83 million expected. Fabrinet (NYSE: FN) gained 11.7% after reporting Q4 EPS of $1.68 versus $1.54 expected, while revenue came in at $587.9 million versus $581.48 million expected.

Compass Inc (NYSE: COMP) shed 12.4% after reporting Q2 losses of $0.24 per share, more significant than expected losses of $0.17 per share. Revenue for the quarter came in at $2.02 billion versus the $2.11 billion expected.

Ziprecruiter Inc (NYSE: ZIP) fell 6% after the company reported Q2 EPS of $0.11, better than the estimates of $0.06, while revenue came in at $239.9 million versus $233.83 million.

Ahead of the week, investors will watch the minutes from the Federal Reserve’s July meeting for further clues on the aggressiveness of future interest rate hikes. Market participants will also be monitoring fresh earnings reports from major retailers,

with Home Depot Inc (NYSE: HD) and Walmart Inc (NYSE: WMT) set to post results before the bell on Tuesday. In contrast, Target Corporation (NYSE: TGT) and Lowe’s Companies Inc (NYSE: LOW) will report on Wednesday.


👉 Top THREE Award-Winning Brokers in 2022 ðŸ‘ˆ

✅LiteFinance✅✅IC Markets✅✅ Avatrade✅
 


During Monday’s regular session, the Dow Jones Industrial Average added 151.39 points, or 0.45%, to close at 33,912.44. The S&P 500 rose 0.4% to 4,297.14,

while the NASDAQ Composite edged 0.62% higher to close at 13,128.05. On the bond markets, United States 10-Year rates were at 2.793%. - investing


Hot Topics

Australia Westpac's bad debt falls, set to a weather property downturn

North Korea criticises U.N. chief's support for the North's denuclearisation.

Coming sooner: ETH devs move up the date for Merge