Dow futures tick lower, Cal-Maine foods tanks 11.8% after earnings
Investing.com — US stock futures extended declines during Tuesday's evening deals, following significant losses among major benchmark averages as investors retreated after stronger than expected JOLTs job openings data boosted expectations for further interest rate increases.
By 6:30pm ET (10:30pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each down 0.1%.
In extended deals, Cal-Maine Foods (NASDAQ:CALM) shed 11.8% after the company reported Q1 EPS of $0.02 versus $0.33 expected, while revenues were reported at $459.3 million versus $473.37 million expected.
Ahead in Wednesday's trade, investors will be looking toward ADP employment data, Markit and ISM services PMIs, factory orders and a speech from FOMC member Bowman.
Among earnings, companies including Tesco (LON:TSCO) PLC (OTC:TSCDY), RPM International Inc (NYSE:RPM), Acuity Brands Inc (NYSE:AYI) and Accolade Inc (NASDAQ:ACCD) are expected to report quarterly results.
Improve your fundamental analysis with the latest earnings results from InvestingPro.
During Tuesday's regular trade, the Dow Jones Industrial Average lost 431 points or 1.3% to 33,002.4, the S&P 500 shed 58.9 points or 1.4% to 4,229.5 and the NASDAQ Composite dropped 248.3 points or 1.9% to 13,059.3
On the bond markets, United States 10-Year rates lifted to fresh 16-year highs of 4.801%.
Read more on investing.com
