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HomeMarketDow Futures Trade Steady as Investors Brace for Fed Hike By Investing.com

Dow Futures Trade Steady as Investors Brace for Fed Hike By Investing.com

© Reuters.
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By Oliver Gray 

Investing.com – U.S. stock futures were trading in a tight range during Tuesday’s evening deals, after major benchmark averages retreated during the regular session as market participants look ahead to the Federal Reserve’s latest policy decision following the conclusion of its two-day meeting on Wednesday.

By 7:05pm ET (11:05pm GMT) and were flat while ticked 0.1% higher.

In extended deals, Advanced Micro Devices Inc (NASDAQ:) lifted 4.1% after the company Q3 EPS of $0.67, below $0.68 expected, while revenue was reported at $5.6 billion versus $5.62 billion expected.

Airbnb Inc (NASDAQ:) dropped 6.2% after Q3 EPS of $1.79, beating estimates of $1.44 while revenue came in at $2.88 billion versus $2.84 billion expected.

Match Group Inc (NASDAQ:) gained 16.2% after Q3 EPS of $0.44 versus $0.52 expected on revenues of $809.5 million versus $795.5 million expected.

ZoomInfo Technologies Inc (NASDAQ:) shed 21.5% after Q3 EPS of $0.24 versus $0.20 expected on revenues of $287.6 million versus $278.52 million expected.

While a 75 basis point is widely expected from U.S. Federal Reserve policymakers later in the session, particular attention will be paid to Powell’s which may signal less aggressive hikes from December. In addition, investors will also monitoring fresh data and report, as well as earnings from companies including CVS Health Corp (NYSE:), GlaxoSmithKline (NYSE:), Paramount Global (NASDAQ:) and Yum! Brands Inc (NYSE:).

In Tuesday’s regular trade, The fell 79.8 points or 0.2% to 32,653.2, the lost 15.9 points or 0.4% to 3,856.1 and the lost 97.3 points or 0.9% to 10,890.9.

On the bond markets, rates were at 4.048%.

Story Credit: investing.com

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