Dow Futures Tick Higher, Nike Sheds 8.3% After Reporting


Stock Markets 1 hour ago (Sep 29, 2022 07:34PM ET)

Dow Futures Tick Higher, Nike Sheds 8.3% After Reporting © Reuters.

By Oliver Gray – U.S. stock futures were trading slightly higher during Thursday’s evening trade, after major benchmark indices fell during regular trade as investors retreated amid further expected interest rate increases by Federal Reserve officials and slowing global growth.

By 7:20pm ET (11:20pm GMT) added 0.2% while and gained 0.3% apiece.

In extended deals, Nike Inc (NYSE:) fell 9.3% as the company Q1 EPS of $0.93, just above estimates of $0.92 while revenue for came in at $12.69 billion versus $12.29 billion expected.

Micron Technology Inc (NASDAQ:) fell 0.2% after Q4 EPS of $1.45, beating expectations of $1.41. Revenue was reported at $6.64 billion versus $6.81 billion expected.

Comtech Telecommunications Corp (NASDAQ:) lifted 2.6% as the company Q4 losses of $0.02 per share, better than expected losses of $0.10 per share. Revenue came in at $127 million versus $122.69 million expected.

Ahead in Friday’s session, market participants will be monitoring PCE readings, as well as and data. Investors will also be noting several Fed speeches from , , and .

During Thursday’s regular trade, the dropped 458.1 points or 1.54% to 29,225.6, the fell 78.6 points or 2.1% to 3,640.5 to close at fresh yearly lows and the shed 314.1 points or 2.84% to 10,737.5.

On the bond markets, rates were at 3.782%.

Related Articles


Your email address will not be published. Required fields are marked *