Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2491
    -0.0020 (-0.16%)
     

  • Bitcoin GBP

    51,120.95
    -671.05 (-1.30%)
     

  • CMC Crypto 200

    1,331.69
    -64.85 (-4.64%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Dow Futures Tick Higher as Recession Fears Loom

Investing.com
·2-min read

By Oliver Gray

Investing.com - Dow futures were trading slightly higher during Thursday’s evening deals after major benchmark indices extended losses during the regular session as investors continued to retreat on fears that Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures and S&P 500 Futures added 0.1% apiece while Nasdaq 100 Futures were up 0.3%.

In extended deals, Ross Stores Inc (NASDAQ:ROST) fell 22.5% after reporting Q1 EPS of $0.97 versus $1.02 expected on revenues of $4.33 billion versus $4.53 billion expected.

ADVERTISEMENT

Palo Alto Networks Inc (NASDAQ:PANW) gained 10.3% as the company reported Q3 EPS of $1.79 versus $1.68 expected. Revenue for the quarter came in at $1.39 billion versus estimates of $1.36 billion.

Applied Materials Inc (NASDAQ:AMAT) fell 1.1% as quarterly results missed analyst estimates. The company reported Q2 EPS of $1.85 versus $1.90 expected, while revenue for the quarter came in at $6.25 billion versus $6.35 billion. CEO Gary Dickerson noted that the company is “constrained by on-going supply chain issues.”

Deckers Outdoor Corporation (NYSE:DECK) moved 13.1% higher after reporting Q4 EPS of $2.51, beating analyst's estimates of $1.32. Revenue for the quarter came in at $736 million versus estimates of $639.2 million. The company’s full-year revenue guidance was also above expectations.

VF Corporation (NYSE:VFC) gained 1.2% after reporting Q4 EPS of $0.45, slightly under estimates of $0.46 while revenue came in at $2.8 billion versus $2.83 billion expected.

During Thursday’s regular trade, the Dow Jones Industrial Average dropped 236.94 points, or 0.75%, to 31,253.13, S&P 500 fell 22.9 points or 0.6% to 3,900.8 and the NASDAQ Composite fell 0.26% to 11,388.50.

On the bond markets, United States 10-Year yields were at 2.837%.

Related Articles

Dow Futures Tick Higher as Recession Fears Loom

Google 'private browsing' mode not really private, Texas lawsuit says

U.S. expert panel backs COVID boosters for children 5 to 11