Dow futures tick higher amid NVIDIA, Cisco Earnings
By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday’s evening deals, after major benchmark indices finished the regular session lower as investors monitored earnings results from Target, NVIDIA Corporation, and Cisco Systems Inc.
By 19:50 ET (00:50 GMT) Dow Jones Futures and S&P 500 Futures were up 0.2% apiece, while Nasdaq 100 Futures lifted 0.4%.
NVIDIA Corporation (NASDAQ:NVDA) lifted 3.3% after reporting EPS of $0.58 versus $0.71 on revenues of $5.93B versus $5.8B expected. NVIDIA also announced a partnership with Microsoft (NASDAQ:MSFT) to build an artificial intelligence supercomputer.
Cisco Systems Inc (NASDAQ:CSCO) lifted 4% after reporting EPS of $0.86 versus $0.84 on revenues of $13.6B versus $13.29B expected
Target (NYSE:TGT) gained 0.5% after results showed EPS of $1.54 versus $2.16 expected. Revenue was reported at $26.5B versus $26.39B expected.
Bath&Body Works Inc. (NYSE:BBWI) gained 22.8% after results showed EPS of $0.4 versus $0.2 expected, while revenue was reported at $1.6B versus $1.56B expected
Sonos Inc (NASDAQ:SONO) added 5.1% after reporting losses per share of $0.32 versus expected losses of $0.43, while revenue came in at $316.3M versus $306.13M expected.
Ahead in the session, investors will be looking toward jobless claims, housing starts and building permits data, manufacturing surveys from the Philadelphia and Kansas City Federal Reserve banks as well as fresh earnings results from Macy’s Inc (NYSE:M), Kohl’s Corp (NYSE:KSS), and Gap Inc (NYSE:GPS).
During Wednesday’s trade, the Dow Jones Industrial Average fell 39.1 points or 0.1% to 33,553.8, the S&P 500 lost 33 points or 0.8% to 3,958.8, and the NASDAQ Composite fell 174.8 points or 1.5% to 11,183.7.
On the bond markets, United States 10-Year rates were at 3.707%.
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