Dow futures trade steady, Qualcomm, DoorDash gain after earnings
Investing.com — US stock futures were steady within a tight range during Wednesday's evening deals, with investors digesting the Federal Reserve’s policy decision ahead of the latest batch of corporate earnings reports.
By 6:55pm ET (10:55 pm GMT) Dow Jones Futures were flat while S&P 500 Futures and Nasdaq 100 Futures lifted 0.1% apiece.
In extended deals, Qualcomm (NASDAQ:QCOM) added 3.6% after reporting Q4 EPS of $2.02 versus $1.91 expected, while revenues came in at $8.67 billion versus $8.51 billion expected.
DoorDash (NASDAQ:DASH) lifted 7.5%, reporting Q3 losses of $0.19 per share versus expected losses of $0.40 per share. Revenue for the quarter was reported at $2.2 billion versus $2.09 billion expected.
Electronic Arts (NASDAQ:EA) lifted 5% after the company reported Q2 EPS of $1.46 versus $1.25 expected, while revenues were reported at $1.91 billion versus $1.77 billion expected.
Roku (NASDAQ:ROKU) popped 17.3%, reporting Q3 losses of $2.33 per share versus expected losses of $1.96 per share on revenue of $912 million versus $855.11 million expected.
Ahead in Thursday's session, market participants will be monitoring key employment data including nonfarm payrolls, unemployment rate, average hourly earnings as well as factory orders and sa speech from Fed Vice Chair for supervision Barr.
On the earnings front, companies to watch include Apple Inc (NASDAQ:AAPL), Eli Lilly and Company (NYSE:LLY), ConocoPhillips (NYSE:COP), Starbucks Corporation (NASDAQ:SBUX) and Shopify Inc (NYSE:SHOP).
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During Wednesday's regular trade, the Dow Jones Industrial Average added 221.7 points or 0.7% to 33,274.6, the S&P 500 added 44.1 points or 1.1% to close at 4,237.9
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