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Dow futures gain momentum, government shutdown averted

Published 15/11/2023, 10:47 am
Updated 15/11/2023, 10:47 am
© Reuters.

Investing.com - US stock futures were trading higher during Tuesday's evening trade, as risk sentiment returned to capital markets after the government passed a bill to prevent government shutdown, while encouraging CPI data also boosted sentiment.

By 6:45 pm ET (11:45 pm GMT) Dow Jones Futures were up by 0.1% while S&P 500 Futures and Nasdaq 100 Futures added 0.2% apiece.

in extended deals, Alcon AG (NYSE:ALC) fell 4% after reporting losses of $0.23 per share versus EPS of $0.66 expected, while revenues were reported at $60 thousand versus $2.35 billion expected.

Getty Images Holdings Inc (NYSE:GETY) fell 4.9% after reporting losses of $0.05 per share versus EPS of $0.04 expected on revenues of $229.3 million versus $228.14 million expected.

Dada Nexus Ltd (NASDAQ:DADA) gained 1.6% after reporting losses of $0.16 per share versus expected losses of $0.03 per share, while revenues came in at $2.87 billion, in line with expectations.

Varex Imaging Corp (NASDAQ:VREX) shed 8.8% after the company reported EPS of $0.45 versus $0.33 expected, while revenues came in at $227 million versus $233.38 million expected.

Ahead in Wednesday's trade, market participants will be monitoring PPI data, retail sales, NY empire state manufacturing index, and business inventories as well as a speech from Barr.

Quarterly earnings reports are also expected from Target Corporation (NYSE:TGT), JD.com Inc Adr (NASDAQ:JD), Advance Auto Parts Inc (NYSE:AAP), and TJX Companies Inc (NYSE:TJX).

During regular trading hours, the S&P 500 rose by 1.9%, and the NASDAQ Composite increased by about 2.4%. This marked the best trading day for both indices since April. The Dow Jones Industrial Average, comprising 30 stocks, added almost 490 points or 1.4%.

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On the bond markets, United States 10-Year rates were fell to 4.453%

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