U.S. stock futures were trading slightly lower during Monday's evening trades, following a mixed session among key benchmark averages as the Nasdaq Composite and the S&P 500 each ended four straight sessions of drop ahead of the much-regarded Jackson Hole Symposium later in the week. By 6:35pm ET (10:35pm GMT), the Dow Jones Futures and …
U.S. stock futures were trading slightly lower during Monday’s evening trades, following a mixed session among key benchmark averages as the Nasdaq Composite and the S&P 500 each ended four straight sessions of drop ahead of the much-regarded Jackson Hole Symposium later in the week. By 6:35pm ET (10:35pm GMT), the Dow Jones Futures and S&P 500 Futures had both fallen 0.1%, while the Nasdaq 100 Futures had fallen 0.2%.
Zoom Video Communications Inc. (NASDAQ:ZM) saw a 4% increase in extended transactions after reporting Q2 earnings per share of $1.34 versus $1.06 expected and revenue of $1.14 billion versus $1.11 billion. As opposed to the $1.03 expected, the business projected earnings per share for the third quarter of 2024 to be between $1.07 and $1.09, and it projected revenues to be between $1.115 billion and $1.12 billion. After reporting Q3 earnings per share of $2.35 versus $2.32 expected and revenue of $649 million versus $664.94 million projected, Nordson Corp (NASDAQ: NDSN) saw a 5.1% decline. Fabrinet (NYSE:FN) increased 16.9% after announcing Q4 EPS of $1.86 compared to $1.80 anticipated. As opposed to the $641.43 million forecast, revenue came in at $655.9 million.
Investors will be keeping an eye on existing home sales data and a speech from FOMC member Bowman ahead of Tuesday’s session. Among the firms expected to release quarterly results are Lowe’s firm’s Inc (NYSE: LOW), Medtronic PLC (NYSE:MDT), Dick’s Sporting Goods Inc (NYSE: DKS), and BJs Wholesale Club Holdings Inc (NYSE:BJ). The S&P 500 increased 30 points or 0.7% to 4,399.8 during Monday’s regular session, the NASDAQ Composite increased 206.8 points or 1.6% to 13,497.6, while the Dow Jones Industrial Average dropped 37 points or 0.1% to 34,463.7. United States 10-Year rates hit new 16-year highs of 4.342% in the bond markets.
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