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Dow futures tick higher, Harmonic dips 8.8% after results

Published 31/01/2023, 10:39 am
Updated 31/01/2023, 10:42 am
© Reuters.

By Oliver Gray - U.S. stock futures were trading slightly during Monday’s evening deals after major benchmark averages finished the regular session lower as market participants brace for a key U.S. Federal Reserve interest rate decision and a slew of corporate earnings results throughout the week.

By 18:40 ET (23:40 GMT) Dow Jones Futures were up 0.1%, while S&P 500 Futures and Nasdaq 100 Futures lifted 0.2% apiece.

In extended deals, Harmonic (NASDAQ:HLIT) fell 8.8% after the company reported Q4 EPS of $0.17 versus $0.15 expected, while revenues came in at $164.33 million versus $159.28 M expected.

Whirlpool (NYSE:WHR) added 2.7% after the company reported Q4 EPS of $3.89 versus $3.26 expected on revenues of $4.92 billion versus $5.07B expected.

NXP Semiconductors (NASDAQ:NXPI) dipped 3.1% after reporting Q4 EPS of $2.76 versus consensus of $2.77, while revenues came in at $3.31B versus $3.3B expected.

Ahead in Tuesday’s session, market participants will be monitoring fresh CB consumer confidence data, as well as earnings results from companies including Exxon Mobil Corp (NYSE:XOM), McDonald’s Corporation (NYSE:MCD), Advanced Micro Devices Inc (NASDAQ:AMD), and General Motors Company (NYSE:GM).

During Monday’s regular trade, the Dow Jones Industrial Average fell 261 points or 0.8% to 33,717.1, the S&P 500 lost 52.8 points or 1.3% to 4,017.8, and the NASDAQ Composite shed 227.9 points or 2% to 11,393.8.

On the bond markets, United States 10-Year rates were at 3.548%.


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