👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Dow futures slip as Tesla, Netflix report

Published 20/07/2023, 00:08
© Reuters.
US500
-
DJI
-
PM
-
JNJ
-
DFS
-
ABT
-
ESH25
-
1YMH25
-
NQH25
-
UAL
-
NFLX
-
TSLA
-
IXIC
-
US10YT=X
-
TSM
-

Investing.com - Dow futures were trading lower during Wednesday's evening deals, after major benchmark averages extended fresh 15-month highs, with traders digesting quarterly earnings results from major companies throughout the session.

By 19:00 ET (23:00 GMT), Dow Jones futures were down 0.2%, S&P 500 futures lost 0.3%, and Nasdaq 100 futures tumbled 0.7%.

Stay ahead of the curve this earnings season with InvestingPro.

In extended deals, Tesla Inc (NASDAQ:TSLA) moved 4% lower after the company reported Q2 EPS of $0.91 versus $0.79 expected, while quarterly revenue came in at a record-high of $24.93 billion versus $24.29B expected.

Netflix (NASDAQ:NFLX) dipped 8.4%, reporting Q2 EPS of $3.29 versus $2.84 expected on revenues of $8.19B versus $8.27B expected.

United Airlines Holdings Inc (NASDAQ:UAL) added 3.1% after the company reported Q2 EPS of $5.03 versus $3.98 expected, while revenue for the quarter came in at $14.2B versus $13.9B expected.

Discover Financial Services (NYSE:DFS) tanked 11.9%, reporting Q2 EPS of $3.54 versus $3.72 expected, while revenue came in at $3.88B, in-line with expectations.

Ahead in Thursday's trade, investors will be looking toward weekly jobless claims, existing home sales, and the Philadelphia Fed manufacturing index.

Among earnings, companies including Taiwan Semiconductor Manufacturing (NYSE:TSM), Johnson & Johnson (NYSE:JNJ), Abbott Laboratories (NYSE:ABT), and Philip Morris International Inc (NYSE:PM) are scheduled to release quarterly results.

During Wednesday's regular session, as the Dow Jones Industrial Average lifted 109.3 points or 0.3% to 35,061.2, the S&P 500 gained 10.7 points or 0.2% to 4,565.7, while the Nasdaq Composite remained little changed at 14,358.

On the bond markets, United States 10-Year rates were at 3.755%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.