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Dow Futures Ease After Major Indices Extend Rally, Tesla Reports

uk.investing.com logo uk.investing.com 20/07/2022 Investing.com
Dow Futures Ease After Major Indices Extend Rally, Tesla Reports © Reuters Dow Futures Ease After Major Indices Extend Rally, Tesla Reports

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

at 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.3% while Nasdaq 100 Futures fell 0.4%.

In extended deals, Tesla Inc (NASDAQ:TSLA) added 1.7% after reporting Q2 EPS of $2.27 versus expectations of $1.86 on revenue of $16.93 billion versus $16.52 billion.

United Airlines Holdings Inc (NASDAQ:UAL) fell 7.1% after the company reported Q2 EPS of $1.43 $1.86, while revenues came in at $12.11 billion versus the consensus estimate of $12.06 billion.

Alcoa Corp (NYSE:AA) gained 6.4% after reporting Q2 EPS of $2.67, beating estimate of $2.57 while revenue was at $3.64 billion versus estimates of $3.56 billion.

CSX Corporation (NASDAQ:CSX) gained 4.2% after reporting Q2 EPS of $0.54 versus $0.47 expected, while revenue for the quarter came in at $3.82 billion versus $3.65 billion expected.

On Thursday, AT&T Inc (NYSE:T), Blackstone Group Inc (NYSE:BX) and American Airlines Group (NASDAQ:AAL) are two of several major companies set to report results before the opening bell. Investors will also be looking toward initial jobless claims data se to be released later in the session.

During Wednesday’s deals, the Dow Jones Industrial Average added 184.5 points or 1.6% to 31,874.9, the S&P 500 gained 23.2 points or 0.6% to 3,959.9 and the NASDAQ Composite gained 184.5 points or 1.6% to 11,897.7.

On the bond markets, United States 10-Year yields were at 3.03%.

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