Dow futures tick higher, Micron falls 4% after earnings
Investing.com — U.S. stock futures remained little changed during Wednesday night, following a mixed session on Wall Street as surging yields dampened risk sentiment.
By 7:30pm ET (11:30pm GMT) Dow Jones Futures and S&P 500 Futures were up by 0.1% while Nasdaq 100 Futures lifted 0.2%.
In extended deals, Micron Technology (NASDAQ:MU) fell 4% LOWER after the company reported Q4 losses of $1.07 per share versus expected losses of $1.15 per share. Revenue was reported at $4.01 billion versus $3.93 billion expected. The company also forecasted Q1 2024 losses in the range of $1.00-$1.14 per share, versus expected losses of $0.90 per share, and revenues in the range of $4.2-4.6 billion versus $3.97 billion expected.
Jefferies Financial Group Inc (NYSE:JEF) fell 2% after reporting Q3 EPS of $0.22 versus $0.32 expected on revenues of $1.18 billion versus $1.24 billion expected.
Worthington Industries (NYSE:WOR) dropped 1.7%, reporting Q1 EPS of $2.06 versus $2.04 expected. Revenues were reported at $1.2 billion versus $1.23 billion.
Ahead in Thursday's trade, market participants will be watching for Q2 GDP data, jobless claims, pending home sales, and speeches from the Fed's Goolsbee and Powell.
On the earnings front, companies including Accenture plc (NYSE:ACN), Nike Inc (NYSE:NKE), Jabil Circuit Inc (NYSE:JBL) and CarMax Inc (NYSE:KMX) are scheduled to report earnings results.
During Wednesday's regular trade, the Dow Jones Industrial Average eased 68.6 points or 0.2% to 33,550.3, the S&P 500 was flat at 4,274.5 and the NASDAQ Composite added 29.2 points or 0.2% to 13,095.9.
On the bond markets, United States 10-Year rates extended fresh 16-year highs of 4.614%.
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