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Dow Futures Little Changed After Mixed Session By Investing.com

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Dow Futures Little Changed After Mixed Session
© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures remained little changed in Monday’s evening trade, after a mixed session for major benchmark indices as market participants weighed slowing U.S. economic growth, interest rate hikes from central bank policymakers and heightened inflation pressures.

By 6:45pm ET (10:45pm GMT) and were trading flat while lifted 0.1%.

In extended deals, Shapeways Holdings, Inc. (NYSE:) moved 3.6% higher after Q1 losses of 8 cents per share versus losses of 10 cents expected, on revenues of $7.57 million versus $7.34 million expected.

Shoals Technologies Group Inc (NASDAQ:) lifted 4.9% despite missing earnings estimates as the company Q1 EPS of 5 cents versus 7 cents expected, while revenue came in at $68 million versus $70.38 million expected.

Global-E Online Ltd (NASDAQ:) tanked 28.3% after earnings results, with Q1 losses coming in at 35 cents per share versus losses of 13 cents expected. Revenues were at $76.3 million versus estimates of $74.98 million.

Take-Two Interactive Software Inc (NASDAQ:) lifted 3.5% as the company EPS of 95 cents versus $1.01 expected, while Total Net Bookings increased 8% year-over-year to $845.8 million, missing estimates of $883.62 million.

Tencent (HK:) Music Entertainment Group (NYSE:) was 1.2% higher following the company’s first-quarter .

United Airlines Holdings Inc (NASDAQ:) also added 2.8% after the company issued an update on its second-quarter outlook.

Investors will be looking ahead to and releases on Tuesday, while companies such as Walmart Inc (NYSE:), Home Depot Inc (NYSE:) and JD.com Inc (NASDAQ:) are slated to deliver earnings results.

During Monday’s regular session, the added 26.76 or 0.1%, to 32,223.43. The fell 15.9 points or 0.4% to 4,008.01 and the dipped 1.2% to 11,662.79.

Major technology players were the main drag on sentiment, with Block Inc (NYSE:) down 5.3%, Amazon.com Inc (NASDAQ:) falling 2%, Twitter Inc (NYSE:) shedding 8.2%, Apple Inc (NASDAQ:) down 1.1% and Alphabet Inc (NASDAQ:) falling 1.4%.

Electric vehicle manufacturers also retreated with Tesla Inc (NASDAQ:) down 5.9%, Rivian Automotive Inc (NASDAQ:) falling 6.9% and Lucid Group Inc (NASDAQ:) dipping 3.1%.

On the bond markets, rates were at 2.886%.

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