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Dow futures tick lower, Gap lifts 14.7% after earnings

Published 26/05/2023, 09:09 am
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Investing.com - U.S. stock futures were trading slightly lower during Thursday's evening deals, after major benchmark averages finished mixed as market participants monitored ongoing debt ceiling negotiations as well upcoming inflation data.

By 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were 0.1% lower while Nasdaq 100 Futures traded flat.

Analyze Q1 earnings results with InvestingPro.

In extended deals, Marvell Technology (NASDAQ:MRVL) popped 17.2% after reporting Q1 EPS of $0.31 versus $0.29 expected on revenues of $1.32 billion versus $1.3 billion expected.

Gap Inc (NYSE:GPS) lifted 14.7%, reporting Q1 EPS of $0.01 versus expected losses of $0.15 per share. Revenue was reported at $3.28B versus $3.29B expected.

Ulta Beauty (NASDAQ:ULTA) dipped 8.3% after the company reported Q1 EPS of $6.88 versus $6.82 expected. Revenues came in at $2.6B versus $2.62B expected.

Workday (NASDAQ:WDAY) lifted 7.9% after the company reported Q1 EPS of $1.31 versus $1.12 expected, while revenues came in at $1.68B versus $1.67B expected.

Ahead in Friday's trade, market participants will be monitoring core durable goods orders, PCE price index data, personal income and spending as well as Michigan consumer sentiment and expectations.

During Thursday's trade, the Dow lost 35.3 points or 0.1% to 32,764.7, the S&P 500 gained 36 points or 0.9% to 4,151.3 and the NASDAQ Composite lifted 213.9 points or 1.7% to 12,698.1.

On the bond markets, United States 10-Year rates were at fresh multi-month highs of 3.825%.

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