Dow Futures Tick Lower After Positive Session
Posted On June 7, 2022
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© Reuters Dow Futures Tick Lower After Positive Session
By Oliver Gray
Investing.com – U.S. stock futures were trading slightly lower during Monday’s evening deals after major benchmark averages ticked higher during regular trade as market participants look ahead to key inflation data set to be released later in the week.
By 6:35pm ET (10:35pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each trading 0.1% lower.
In extended deals, Gitlab Inc (NASDAQ:GTLB) moved 10% higher after reporting Q1 losses of $0.18 per share, beating estimated losses of $0.27 per share. Revenue came in at $87.4 million versus $78.2 million expected.
Healthequity Inc (NASDAQ:HQY) gained 3% after the company reported Q1 EPS of $0.27, just above analyst estimates of $0.26, while revenue came in at $205.7 million versus $203.8 million expected.
Helbiz Inc (NASDAQ:HLBZ) surged 40% after announcing that Salvatore Palella, Founder and Chief Executive Officer of Helbiz, purchased 2,044,676 shares of Class A Common Stock from a seller for an aggregate price of $2,019,935, representing about 6% of the common stock.
A lighter week of corporate earnings lie ahead for investors, with JM Smucker Company (NYSE:SJM), United Natural Foods Inc (NYSE:UNFI) and Cracker Barrel Old Country Store (NASDAQ:CBRL) slated to report results before the bell on Tuesday, while May’s consumer price index reading on Friday will also be closely monitored for signs that inflation has peaked from its 41-year high.
During Monday’s regular trade, The Dow Jones Industrial Average added 16.08 points, or less than 0.1%, the S&P 500 gained 0.3% while the tech-heavy NASDAQ Composite added 0.4%.
On the bond markets, United States 10-Year yields were nearing fresh 4-year highs of 3.04%.