Dow Jones Industrial Average Weakness Awaits Key Retail Earnings For Future By Investing.com
By Oliver Gray
Investing.com – U.S. stock futures traded slightly lower in evening trading on Monday after the main benchmark average ended the regular session higher as investors sounded bullish ahead of results reports from major retailers later in the week.
7:10 pm ET (2310 GMT), and each traded 0.1% lower.
In extended trading, Ginkgo BioWorks Holdings (NYSE: ) rose 20.4% after the company posted a loss of $0.41 per share for the second quarter, beating expectations for a loss of $0.05 per share. Revenue was reported at $145 million versus an expected $78.83 million.
Fabrinet (NYSE: ) gained 11.7% after having Q4 EPS of $1.68 vs. $1.54 expected on revenue of $587.9m vs. $581.48 million expected.
compass Inc (NYSE: ) lost 12.4% after losing $0.24 per share in the second quarter, bigger than the expected loss of $0.17 per share. Revenue for the quarter was $2.02 billion versus $2.11 billion expected.
Ziprecruiter Inc (NYSE: ) fell 6% after the company reported Q2 EPS of $0.11, topping estimates of $0.06, while revenue came in at $233.83 million versus $239.9 million.
Later in the week, investors will look to the minutes of the Federal Reserve’s July meeting for more clues about the aggressiveness of future interest rate hikes. Market players will also watch for fresh earnings reports from major retailers, as well Home Depot Inc (NYSE: ) and Walmart Inc (NYSE: ) are due to report results earlier Tuesday, while Target Corporation (NYSE: ) and Lowe’s Companies Inc (NYSE: ) will report results on Wednesday.
In the regular session on Monday, it added 151.39 points or 0.45% to close at 33,912.44. It rose 0.4% to 4,297.14, while the edge closed up 0.62% to 13,128.05.
In the bond market, the rate was 2.793%.