Dow futures edge higher, Dell surges 7.5% after earnings

September 01, 2023 08:53 AM AEST | By Investing
 Dow futures edge higher, Dell surges 7.5% after earnings
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Investing.com - U.S. stock futures were trading in a tight range on Thursday night, following a mixed performance among major benchmark averages as investors looked ahead to key nonfarm payrolls data set for release later in Friday's trade.

By 6:50pm ET (10:50pm GMT) Dow Jones Futures were up by 0.1%, S&P 500 Futures were flat and, Nasdaq 100 Futures dipped 0.1%.

In extended deals, Dell Technologies Inc (NYSE:DELL) added 7.5% after the company reported Q2 EPS of $1.74 versus $1.14 on revenues of $22.9 billion versus $20.86 billion expected.

MongoDB (NASDAQ:MDB) gained 4.1%, reporting EPS of $0.93 versus $0.46 expected, while revenues were reported at $423.8 million versus $393.68 million expected.

Broadcom Inc (NASDAQ:AVGO) fell 4.8%, reporting Q4 EPS of $10.54 versus $10.43 expected on revenues of $8.88 billion versus 8.85 billion expected.

VMware Inc (NYSE:VMW) eased 1.7% after reporting EPS of $1.83 versus $1.71 expected on revenue of $3.41 billion versus $3.46 billion expected

Lululemon Athletica Inc (NASDAQ:LULU) added 1.1% after reporting EPS of $2.68 versus $2.53 expected, with revenues coming in at $2.2 billion versus $2.17 billion expected.

Ahead in Friday's trade, market participants will closely monitor average hourly earnings, nonfarm payrolls and unemployment rate figures, as well as the Markit and ISM manufacturing PMIs.

During Thursday's regular session, the Dow Jones Industrial Average dipped 168.3 points or 0.5% to 34,721.9, the S&P 500 lost 7.2 points or 0.2% to 4,507.7 while the NASDAQ Composite ticked 0.1% higher to 14,035. For the month of August, the Dow shed 2.4%, the S&P 500 dipped 1.4% and the NASDAQ lost 1.7%.

On the bond markets, United States 10-Year rates were at 4.106%.

This article first appeared in Investing.com


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