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Dow futures tick higher after negative session, Workday lifts 3.2% post-earnings

Published 25/08/2023, 08:43 am
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Investing.com - U.S. stock futures ticked higher on Thursday night following declines among major benchmark indices as investors monitored fresh earnings results ahead of a key speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole symposium on Friday.

By 18:45 ET (22:45 GMT), Dow Jones futures and S&P 500 futures were up 0.1% apiece while Nasdaq 100 futures were flat.

In extended deals, Workday (NASDAQ:WDAY) added 3.2%, reporting Q2 EPS of $1.43, $0.17 better than the analyst estimate of $1.26. Revenues were reported at $1.79 billion versus $1.77B expected.

Nordstrom (NYSE:JWN) fell 2.5% after the company reported Q2 EPS of $0.81, beating expectations of $0.45, while revenues came in at $3.62B versus $3.68B expected.

Intuit (NASDAQ:INTU) eased 2%, after reporting Q4 EPS of $1.65 versus $1.43 expected on revenues of $2.7B versus $2.64B expected.

Affirm Holdings (NASDAQ:AFRM) lifted 7.4% after reporting Q4 losses of $0.69 per share versus expected losses of $0.87 per share. Quarterly revenues were reported at $446 million versus $406.13M expected.

Gap (NYSE:GPS) was trading 1.4% higher after the company reported Q2 EPS of $0.34 versus $0.10 expected, while revenues came in at $3.55B versus $3.58B expected.

Ahead in Friday's trade, market participants will be monitoring Michigan consumer sentiment and expectations, as well as Powell's key speech at Jackson Hole.

Among earnings, companies including Dell Technologies Inc (NYSE:DELL), Ubiquiti Networks (NYSE:UI), Elastic (NYSE:ESTC), and Hibbett Sports (NASDAQ:HIBB) are expected to release quarterly results.

During Thursday's regular session, the Dow Jones Industrial Average lost 373.6 points or 1.1% to 34,099.4, the S&P 500 fell 59.7 points or 1.4% to 4,376.3, and the Nasdaq Composite lost 257.1 points or 1.9% to 13,464.

On the bond markets, United States 10-Year rates were at 4.243%.

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