Dow Futures Flat, Apple and Amazon Report By
2022-07-29 08:25:05
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Dow Futures Flat, Apple and Amazon Report © Reuters

By Oliver Gray 

- U.S. stock futures were mostly higher during Thursday’s evening deals following a positive session for major benchmark indices as major technology companies boosted risk sentiment amid stronger than expected earnings results.

By 7:10pm ET (11:00pm GMT) Dow Jones Futures remained flat S&P 500 Futures and Nasdaq 100 Futures lifted 0.4% and 1.1%, respectively.

In extended deals, Apple (NASDAQ:AAPL) gained 3% after the company reported Q3 EPS of $1.20, above estimates of $1.16, while revenues came in at $82.96 billion versus $82.59 billion expected.

Amazon (NASDAQ:AMZN) popped 13.6% after reporting Q2 losses per share of $0.20, $0.33 worse than expected EPS of $0.13. Revenue was reported at $121.23 billion versus $119.18 billion expected.

 Intel (NASDAQ:INTC) moved 8.5% lower as the company reported Q2 EPS of $0.29, well below analyst estimates of $0.70 on revenues of $15.32 billion versus $17.96 billion expected.

United States Steel Corporation (NYSE:X) gained 3.5% after reporting Q2 EPS of $3.86, beating estimates of $3.50, while revenue for the quarter came in at $6.29 billion versus $5.81 billion expected.

Roku (NASDAQ:ROKU) tanked 26% after reporting Q2 losses of $0.82 per share, worse than expected losses of $0.68 per share. Revenue came in at $764.4 million, below estimates of $804.13 million.

DexCom Inc (NASDAQ:DXCM) dropped 17.8% as the company reported Q2 EPS of $0.17 versus $0.19 expected on revenues of $696.2 million versus $700.45 million expected.

Ahead in Friday’s session, investors will be focusing on key inflation data and Q2 employment costs, as well as earnings results from companies including Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and Procter & Gamble Company (NYSE:PG).

During Thursday’s regular session, the Dow Jones Industrial Average added 332 points or 1% to 32,529.6, the S&P 500 gained 48.8 points or 1.2% to 4,072.4 and the tech-focused NASDAQ Composite lifted 130.2 points or 1.1% to 12,162.6.

Risk appetite has improved this week as the Federal Reserve on Wednesday delivered a 75 basis point and remained more dovish than expected, while Thursday's negative GDP print also boosted bets of a Fed pause in interest rate rises.

On the bond markets, United States 10-Year rates were at 2.671%.

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