Dow Futures Tick Lower After Indices Decline For 3rd Session

By Oliver Gray 

Investing.com – U.S. stock futures were trading flat during Tuesday’s evening deals, after major benchmark indices extended declines for the third consecutive session as investors continued their retreat following Jerome Powell’s hawkish rhetoric at last week’s Jackson Hole Symposium.

By 7:20pm ET (11:20pm GMT) were down 0.1%, were little changed and were up 0.1%.

In extended deals, Chewy (NYSE:) fell 11% after the company Q2 losses of $0.12 per share, in-line with expectations, while revenue came in at $2.43 billion versus $2.45 billion expected.

PVH Corp. (NYSE:) dipped 3.3% after Q2 EPS of $2.08, above expectations of $2.00 while revenue came in at $2.13 billion versus $2.21 billion expected. The company also announced a 10% reduction of its workforce in global offices.

HP Inc. (NYSE:) dipped 6% as the company Q3 EPS of $1.04, in-line with market expectations. Revenue came in at $14.66 billion versus $15.69 billion expected.

Crowdstrike Holdings Inc (NASDAQ:) fell 0.3% after the company Q3 of $0.36, above expectations of $0.28 on revenues of $535.15 million versus $515.98 million expected.

Ambarella (NASDAQ:) fell 6.5% after the company Q2 EPS of $0.20, slightly above expectations of $0.19. Revenue came in at $80.88 million versus $80.19 million expected.

ChargePoint Holdings Inc (NYSE:) added 1.5% after Q2 losses of $0.21 per share, greater than expected losses of $0.20 per share. Q2 revenues came in at $81.63 million versus $76.1 million expected.

Hewlett Packard Enterprise (NYSE:) lifted 1.7% after Q3 EPS of $0.48, just above expectations of $0.47 while revenue came in at $6.95 billion versus $6.93 billion expected.

Ahead in Wednesday’s session, market participants will be monitoring fed speeches more Fed speeches from and , while and data will also be closely watched.

During Tuesday’s regular session, slid 308.1 points or 1% to 31,790.9, the fell 1.1% to 3,986.16 and the shed 1.1% to 11,883.1.

On the data front, came in above expectations at 103.2, up from last month’s reading of 95.3, while also surprised to the upside, lifting to 11.239 million, above forecasts of 10.475 million and lifting from last’s month’s 11.040 million.

On the bond markets, rates were at 3.112%.