Dow futures lift after Fed rate hike, Meta surges 7% after earnings

investing.com:

Investing.com — U.S. stock futures were trading in a mixed fashion on Wednesday's evenings, following mixed trade among major averages following the Federal Reserve's decision to hike a further 25 basis points, in line with market expectations, while investors monitored ongoing earnings results from major companies.

By 6:55pm ET (10:55pm GMT) Dow Jones Futures dipped 0.2%, S&P 500 Futures were flat and Nasdaq 100 Futures added 0.2%.

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In extended deals, Meta Platforms Inc (NASDAQ:META) lifted 7% reporting Q2 EPS of $2.98 versus $2.91 expected, on revenues of $32 billion versus $31.08 billion expected. The company also forecasted Q3 2023 revenues in the range of $32-34.5 billion expected versus $31.2 billion expected.

eBay (NASDAQ:EBAY) dipped 4.8% after the company reported Q2 EPS of $1.03 versus $0.99 expected, while revenues came in at $2.5 billion versus $2.51 billion expected. The company forecasted Q3 2023 EPS in the range of $0.96-$1.01 versus $0.92 expected and revenues in the range of $2.46-2.52 billion versus $2.23 billion expected.

Chipotle Mexican Grill (NYSE:CMG) fell 8.5% after reporting Q2 EPS of $12.65 versus $12.29 expected, with revenues reported at $2.5 billion versus $2.53 billion expected.

Align Technology (NASDAQ:ALGN) surged 12.4% after reporting Q2 EPS of $2.22 versus $2.04 expected, while revenues came in at $1 billion versus $992.76 million expected.

Ahead in Thursday's trade, market participants will be closely watching fresh core durable goods orders, GDP data, pending home sales and jobless claims.

Earnings are set to continue, featuring major companies Mastercard Inc (NYSE:MA), McDonald’s Corporation (NYSE:MCD), Intel Corporation