Dow futures flat after negative session, China’s COVID protests weigh

Dow futures flat after negative session, China’s COVID protests weigh By

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Stock Markets 9 minutes ago (Nov 28, 2022 06:48PM ET)

(C) Reuters.

By Oliver Gray – U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark indices finished the regular session lower as growing protests in China dampened investor sentiment and saw crude oil prices extended losses ahead of key economic releases and Fed speeches throughout the week.

By 6:40pm ET (11:40pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading within a range of 0.05%.

In extended deals, Pinduoduo (NASDAQ:PDD) added 0.3% after reporting EPS of $8.62 versus $4.79 expected while revenues came in at $35.5 billion versus $30.71 billion expected.

Meantime, Azek Company Inc (NYSE:AZEK) fell 8% after reporting Q4 EPS of $0.16 versus $0.18 expected on revenue of $304.6 million versus $288.91 million expected.

Ahead in Tuesday’s session, market participants will be monitoring the the S&P/Case-Shiller Home Price Index as well as the latest CB consumer confidence reading.

Meanwhile, earnings results from from HP Inc (NYSE:HPQ) will also be closely monitored.

During Monday’s regular trade, the Dow Jones Industrial Average lost 497.6 points or 1.5% to 33,849.5, the S&P 500 fell 62.2 points or 1.5% to 3,964 and the NASDAQ Composite lost 176.9 points or 1.6% to 11,049.5.

On the bond markets, United States 10-Year rates were at 3.679%.

Dow futures flat after negative session, China’s COVID protests weigh

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