Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Dow futures mixed on banking crisis, Adobe adds 4.6% after earnings

Published 16/03/2023, 09:33 am
Updated 16/03/2023, 09:36 am
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading in a mixed fashion during Wednesday's evening trade amid growing fears of a widespread banking crisis as Credit Suisse (SIX:CSGN) tanked 30% during the regular session after Saudi National Bank (TADAWUL:1180) ruled out further investment.

By 18:40 ET (22:40 GMT) Dow Jones Futures were flat, S&P 500 futures ticked 0.1% higher, and Nasdaq 100 futures added 0.2%.

In extended deals, Adobe Systems (NASDAQ:ADBE) added 4.6% after reporting Q1 EPS of $3.80 versus $3.68 expected on revenues of $4.66 billion versus $4.62B expected. The company forecast Q2 2023 EPS in the range of $3.75-$3.80 versus $3.76 expected and revenues of $4.75B-$4.78B versus consensus of $4.76B.

LivePerson (NASDAQ:LPSN) dropped 38.7% LOWER, reporting Q4 EPS losses of $0.55 per share versus estimates of $0.12, while revenue came in at $122.5 million versus $126.93M.

UiPath (NYSE:PATH) added 12.6% after the company reported Q4 EPS of $0.15 versus $0.06 expected on revenues of $308.5M versus $278.64M expected.

Ahead in Thursday's trade, investors will be monitoring preliminary building permits, import and export price index data, housing starts, weekly jobless claims, and the Philadelphia Fed manufacturing index.

During Wednesday's regular session, the Dow Jones Industrial Average fell 280.8 points or 0.9% to 31,874.6, the S&P 500 lost 27.4 points or 0.7% to 3,891.9, while the Nasdaq Composite added 5.9 points or 0.1% to 11,434.1.

On the bond markets, United States 10-Year yields were at 3.462%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.