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Dow futures lower, AMD lifts 3.3% after earnings

Published 02/08/2023, 00:02
© Reuters.
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Investing.com - U.S. stock futures were trading lower during Tuesday's evening deals, after a mixed session among major benchmark averages as market participants digested a deluge of quarterly earnings results, while credit agency Fitch downgraded the U.S.’s long-term ratings, citing “expected fiscal deterioration over the next three years.”

By 18:50 ET (22:50 GMT), Dow Jones futures were down 0.2%, S&P 500 futures fell 0.3%, and Nasdaq 100 futures lost 0.4%.

In extended deals, Advanced Micro Devices (NASDAQ:AMD) added 3.3% after reporting Q2 EPS of $0.58 versus $0.57 expected on revenues of $5.4 billion versus $5.32B expected.

Match Group (NASDAQ:MTCH) surged 9.8% after the company reported Q2 EPS of $0.48 versus $0.44, while revenues were reported at $830 million versus $811.36M expected.

Aspen Technology (NASDAQ:AZPN) also popped 5.1%, reporting Q4 EPS of $2.13 versus $2.28 expected, while revenue came in at $320.6M versus $326.56M expected.

Alight (NYSE:ALIT) dipped 6.8% after the company reported Q2 losses of $0.14 per share versus expected losses of $0.12 per share. Revenue came in at $806M versus $800.79M expected.

Get the latest earnings results with InvestingPro.

Ahead in Wednesday's trade, market participants will be watching for ADP nonfarm employment change data as well as earnings results from companies including Qualcomm (NASDAQ:QCOM), CVS Health (NYSE:CVS), and PayPal Holdings (NASDAQ:PYPL).

During Tuesday's regular session, the Dow Jones Industrial Average added 71.2 points or 0.2% to 35,630.7, the S&P 500 dipped 12.3 points or 0.3% to 4,576.7, and the Nasdaq Composite lost 62.1 points or 0.4% to 14,283.9.

On the data front, the ISM manufacturing PMI came in at 46.4 versus 46.8 expected, while JOLTS job openings were at 9.582M versus 9.61M expected.

On the bond markets, United States 10-Year rates were at 4.016%.

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