By Oliver Gray
Investing.com - U.S. stock futures were slightly higher in early APAC deals on Tuesday, after major benchmark averages finished the session in a mixed fashion, with market participants remained focused on tensions in Ukraine as the U.S. and its allies imposed fresh sanctions against Russia’s central bank, sending the Ruble tumbling and causing local policymakers to hike the country’s key interest rate from 9.5% to 20% in response.
The Dow Jones Industrial Average slipped 166.15 points, or about 0.49%, but closed well off session lows at 33,892.60. The S&P 500 closed down 0.24% at 4,373.94, while the Nasdaq rallied late in the session for a gain of 0.41% to 13,751.40.
Dow Jones Futures were up 0.13%, S&P 500 Futures added 0.18%, while Nasdaq 100 Futures were little changed.
Among stocks, Major technology players finished higher overall, with Block Inc (NYSE:SQ) up 6.41%, Microsoft Corporation (NASDAQ:MSFT) adding 0.5%, Meta Platforms Inc (NASDAQ:FB) up 0.26%, Apple Inc (NASDAQ:AAPL) gaining 0.16%, Alphabet Inc (NASDAQ:GOOGL) up 0.44% and NVIDIA Corporation (NASDAQ:NVDA) adding 0.94%.
EV makers surged also surged during the regular session, with Rivian Automotive Inc (NASDAQ:RIVN) up 6.51%, Lucid Group Inc (NASDAQ:LCID) adding 9.98%, while Tesla Inc (NASDAQ:TSLA) rallied 7.48% after reports indicated that the company is close to receiving approvals to begin commercial production at its new factory outside of Berlin.
Financials continued to decline, with JPMorgan Chase & Co (NYSE:JPM) down 4.17%, Citizens Financial Group Inc (NYSE:CFG) losing 1.06%, Bank of America Corp (NYSE:BAC) down 1.82%, Citigroup Inc (NYSE:C) losing 4.44%, Wells Fargo & Company (NYSE:WFC) down 1.37% and Morgan Stanley (NYSE:MS) falling 4.03%.
In extended deals, Lucid Group tanked 13.39% after reporting a loss of 64 cents versus 25 cents expected, while revenue also missed estimates.
Zoom Video Communications Inc (NASDAQ:ZM) was just 0.25% lower reporting EPS of $1.29 per share versus $1.06 expected and revenues of $1.017 billion versus $1.046 billion expected, while also issuing weaker than expected full-year guidance.
Workday Inc (NASDAQ:WDAY) lifted 7.4% after quarterly results, as EPS came in at 78 cents per share versus 71 cents expected, while revenues also topped estimates.
Novavax Inc (NASDAQ:NVAX) was down 3.44% after-hours as quarterly earnings and revenue were weaker than market expectations.
On the bond markets, United States 10-Year rates were lower at 1.822%.