Dow futures tick higher; Adobe dips 2% after earnings

September 15, 2023 08:56 AM AEST | By Investing

Google News:

Dow futures tick higher; Adobe dips 2% after earnings — Image source: Kalkine Media

Recent News

GP Cellulose Merges Innovation With Responsibility - Utilizing Advance...

Alcoa Schedules Second Quarter 2025 Earnings Release and Conference Ca...

From Refugee to Farmer: Uganda’s Model for Empowering Displaced Commun...

Curiosity Cube Debuts in Africa and Expands Global STEM Mission

Investing.com - U.S stock were trading in a tight range during Thursday's evening deals, following a positive session for major benchmark averages as Arm Holdings ADR (NASDAQ:ARM) IPO debut boosted sentiment.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each up by 0.1%.

In extended deals, Adobe Systems Incorporated (NASDAQ:ADBE) fell 2% after the company reported Q4 EPS of $4.09 versus $3.97 expected on revenues of $4.89 billion versus $4.87 billion.

Copart Inc (NASDAQ:CPRT) was little changed after the company posted EPS of $0.34 versus $0.32 with revenues coming in at $997.6 million versus $962.78 million expected.

Lennar Corporation (NYSE:LEN) fell 0.4% after reporting Q3 EPS of $3.91 versus $3.51 expected on $8.7 billion versus $8.49 billion expected.

Ahead in Friday's trade, investors will be monitoring import and export price index data, NY Empire State manufacturing index, industrial production, as well as preliminary Michigan consumer sentiment and expectations.

During Wednesday's regular trade, the Dow Jones Industrial Average jumped 331.6 points or 1% to 34,907.1, the S&P 500 added 37.7 points or 0.8% to 4,505.1 and the NASDAQ Composite gained 112.5 points or 0.8% to 13,926.1.

On the data front, annualized produce price index data came in at 1.6%, ahead of 1.2% expected and increasing from last month's print of 0.8%.

On the bond markets, United States 10-Year rates were at 4.286%.

This article first appeared in Investing.com

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.