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Dow Jones falls after results

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By Oliver Gray – U.S. stock futures were lower in overnight trading after major benchmark averages edged higher in the session on Wednesday as Federal Reserve policymakers decided to hike by 75 basis points.

As of 7:10 pm ET (11:10 am GMT), and was down 0.1% while falling 0.4%.

In extended trading, Meta Platforms Inc. (NASDAQ: ) fell 4.5% after the company reported second-quarter earnings of $2.46 per share, missing estimates of $2.56, while revenue came in at $28.82 billion, beating expectations of $28.94 billion.

Ford Motor (NYSE: ) gained 6.4% after reporting second-quarter earnings of $0.68 per share, beating analysts’ estimates of $0.45. Revenue was $40.2 billion, versus $37.05 billion expected.

Etsy (NASDAQ: ) gained 8.5% after Q2 EPS of $0.51 vs. $0.32 was expected on revenue of $585.1m vs. $558.47m.

Qualcomm (NASDAQ: ) fell 2.9% after posting third-quarter EPS of $2.96, slightly above estimates of $2.89, while revenue hit $10.93 billion, versus expectations of 10.87 billion.

City Health Centre Systems (NYSE: ) fell 47.8% after the company posted a Q2 loss of $2.52. Second-quarter loss of $2.52 per share, well short of estimated EPS of $0.07. Revenue for the quarter was $2.93 billion, versus $3.14 billion expected.

During Thursday’s session, investors will look to earnings from Apple Inc (NASDAQ: ), Inc (NASDAQ: ), Intel Corporation (NASDAQ: ) and Comcast Corp (NASDAQ: ), while US GDP figures for the second quarter will also be closely watched. to do

During the regular session on Wednesday, it rose 436.05 points or 1.4% to 32,197.6, added 2.6% to 4,023.6 and closed up 4.1% to 12,032.4.

In political news, Federal Reserve officials cut interest rates by 75 basis points, with Fed Chairman Jerome Powell noting that he does not think the economy has entered a recession.

In the bond market, the rate was 2.785%.

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