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Dow futures flat, Zoom dips 17.1% after earnings

Published 01/08/2023, 00:26
© Reuters.

Investing.com - U.S. stock futures were trading within a tight range during Monday's evening deals after major benchmark averages posted moderate gains as investors look toward a fresh deluge of quarterly earnings results throughout the week.

By 19:15 ET (23:15 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each trading flat.

In extended deals, ZoomInfo Technologies (NASDAQ:ZI) dipped 17.1%, reporting Q2 EPS of $0.26 versus $0.23 expected on revenues of $308.6 million versus $310.94M expected.

Yum China Holdings (NYSE:YUMC) fell 2.8% after the company reported Q2 EPS of $0.47 versus $0.46 expected, with revenues of $2.65 billion versus $2.72B expected.

Harmonic (NASDAQ:HLIT) shed 13.7% after reporting Q2 EPS of $0.12 versus $0.13 expected, while revenues came in at $156M versus $167.52 M expected.

Arista Networks (NYSE:ANET) popped 14%, reporting Q2 EPS of $1.58 versus $1.44 expected on revenues of $1.46B versus $1.38B expected.

Ahead in Tuesday's session, market participants will be monitoring Markit and ISM manufacturing PMIs and JOLTs job openings data, as well as quarterly earnings results from companies including Pfizer (NYSE:PFE), Advanced Micro Devices (NASDAQ:AMD), Starbucks (NASDAQ:SBUX), and Uber Technologies (NYSE:UBER).

During Monday's regular trade, the Dow Jones Industrial Average added 100.2 points or 0.3% to 35,559.5, the S&P 500 gained 6.7 points or 0.2% to 4,589, and the Nasdaq Composite lifted 29.4 points or 0.2% to 14,346.

On the bond markets, United States 10-Year rates were at 3.965%.

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