Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow futures trade flat, Rent the Runway surges 23.5% after earnings

Published 08/12/2022, 00:26
Updated 08/12/2022, 00:26
© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were little changed during Wednesday’s evening deals, after major benchmark averages finished mixed as investors weighed growing prospects of an economic downturn.

 By 18:20 ET (23:20 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were each trading within a range of 0.1%.

In extended deals, Rent the Runway Inc (NASDAQ:RENT) popped 23.5% after reporting Q3 losses of $0.56 per share versus expected losses of $0.71 per share, while revenue came in at $77.4 million versus $79.88M.

HashiCorp Inc (NASDAQ:HCP) lifted 6.9% after the company reported Q2 losses of $0.13 per share versus expected losses of $0.32 per share. Revenue was reported at $125.3M versus $111.09M expected.

Ahead in Thursday’s trade, market participants will be looking toward fresh jobless claims data, while earnings results from companies including Costco Wholesale Corp (NASDAQ:COST), Lululemon Athletica Inc (NASDAQ:LULU), DocuSign Inc (NASDAQ:DOCU), and Broadcom Inc (NASDAQ:AVGO) will also be closely monitored.

During Wednesday’s regular trade, the Dow Jones Industrial Average finished little changed at 33,597.9, the S&P 500 fell 7.3 points or 0.2% to 3,933.9, and the NASDAQ Composite lost 56.3 points or 0.5% to 10,958.6.

On the bond markets, United States 10-Year rates were at 3.421%.

 

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.