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Dow futures lift as Biden and McCarthy continue debt talks
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Published May 23, 2023 01:18
© Reuters.
Investing.com - U.S stock futures were trading slightly higher during Monday's evening deals, following a mixed session among major benchmark averages as market participants monitored debt ceiling negotiations between President Joe Biden and House Speaker Kevin McCarthy.
By 18:50 ET (22:50 GMT) Dow Jones futures, S&P 500 futures and Nasdaq 100 futures lifted 0.1% apiece.
In extended deals, Zoom Video Communications Inc (NASDAQ:ZM) added 0.8% after reporting Q1 EPS of $1.16 versus $0.99 expected, while revenue was reported at $1.1 billion versus $1.08B expected. The company forecasted Q2 2024 EPS in the range of $1.04-$1.06 versus $1.05 expected and revenue in the range of $1.11B-1.$115B versus $1.11B expected.
Ahead in Tuesday's session, building permits, new home sales, preliminary manufacturing and services PMIs will be closely monitored, as well as a speech from the Fed's Logan.
Among earnings, quarterly results are scheduled from companies including Intuit Inc (NASDAQ:INTU), Lowe’s Companies Inc (NYSE:LOW), Palo Alto Networks Inc (NASDAQ:PANW), BJs Wholesale Club Holdings Inc (NYSE:BJ), and Dick’s Sporting Goods Inc (NYSE:DKS).
During Monday's regular trade, the Dow Jones Industrial Average fell 140.1 points or 0.4% to 33,286.6, the S&P 500 finished flat at 4,192.6, and the Nasdaq Composite lifted 62.9 points or 0.5% to 12,720.8.
On the bond markets, United States 10-Year rates were at fresh 2-month highs of 3.721%.
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