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Dow futures slip, GitLab pops 28.1% after earnings

Published Jun 06, 2023 09:11
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Investing.com - U.S. stock futures were trading lower during Monday's evening deals, following a negative session among major benchmark indices as investors retreated amid weakening PMI data.

By 19:10 ET (23:10 GMT), Dow Jones futures and S&P 500 futures were 0.1% lower while Nasdaq 100 futures dipped 0.2%.

In extended deals, GitLab Inc (NASDAQ:GTLB) lifted 28.1% after the company reported Q1 losses of $0.06 per share versus expected losses of $0.14 per share, while revenues were reported at $125.9 million versus $117.8M expected.

Ahead in Tuesday's session, investors will be monitoring earnings results from Ferguson Plc (NYSE:FERG), J.M. Smucker Company (NYSE:SJM), Casey's General Stores Inc (NASDAQ:CASY), Core & Main Inc (NYSE:CNM), Thor Industries Inc (NYSE:THO), and Academy Sports and Outdoors Inc (NASDAQ:ASO).

During Monday's regular trade, the Dow Jones Industrial Average lost 199.9 points or 0.6% to 33,562.9, the S&P 500 fell 8.6 points or 0.2% to 4,273.8, and the Nasdaq Composite lost 11.3 points or 0.1% to 13,229.4.

On the data front, Markit's services PMI came in at 54.9 versus 55.1 expected, while ISM non-manufacturing PMI was at 50.3 versus 51.8 expected.

On the bond markets, United States 10-Year rates were at 3.687%.

Dow futures slip, GitLab pops 28.1% after earnings
 

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