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Dow futures steady, GameStop sheds 18.8% after earnings
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Published Jun 08, 2023 08:46
© Reuters.
Investing.com - U.S. stock futures were trading in a tight range during Wednesday's evening deals, after a mixed session among major benchmark averages as the recent AI-driven tech rally paused, while the Dow outperformed.
By 18:45 ET (22:45 GMT), Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were each trading within a range of 0.1%.
Analyze the latest corporate earnings results with InvestingPro.
In extended deals, GameStop Corp (NYSE:GME) fell 18.8% after the company reported Q1 losses of $0.14 per share versus expected losses of $0.12 per share while revenue came in at $1.24 billion versus $1.36B expected. The board also ousted Matt Furlong as chief executive and appointed Ryan Cohen as executive chairman.
HashiCorp Inc (NASDAQ:HCP) lost 23.2% after reporting Q1 losses of $0.07 per share versus expected losses of $0.14 per share while revenue was reported at $138 million versus $133.13M expected.
Smartsheet Inc (NYSE:SMAR) fell 19.2% after the company reported Q1 EPS of $0.18 versus $0.08 expected on revenues of $219.9M versus $214.1M expected.
Ahead in Thursday's session, market participants will be closely monitoring weekly jobless claims data, wholesale inventories, and the Fed's balance sheet.
During Wednesday's regular trade, The Dow Jones Industrial Average added 91.7 points or 0.3% to 33,665, the S&P 500 dipped 16.4 points or 0.4% to 4,267.5, and the Nasdaq Composite lost 171.5 points or 1.3% to 13,104.9.
On the bond markets, United States 10-Year rates were at 3.797%.
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