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Thursday, December 1st, 2022
Dow Futures Trade Flat Ahead of U.S. Midterm Elections

Dow Futures Trade Flat Ahead of U.S. Midterm Elections

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U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extended deals, Lyft (NASDAQ:LYFT) fell 14.2% after the company reported Q3 adjusted net income of $36.7 million on revenues of $1.05 billion versus $1.06 billion expected. Take-Two (NASDAQ:TTWO) shed 16.7% after reporting Q2 losses of $1.54 per share, far below expected earnings of $1.38 per share. Revenue was reported at $1.39 billion versus $1.56 billion expected TripAdvisor (NASDAQ:TRIP) fell 16% after reporting Q3 EPS of $0.28 versus $0.38 expected on revenues of $459 million versus $443.84 million expected.

Dow Futures Trade

SolarEdge Technologies (NASDAQ:SEDG) Gained.

below expectations of $1.47, while revenue came in at $836.7 million versus $826.36 million expected. Ahead in Tuesday’s session, market participants will be closely monitoring the outcome of the midterm election, while earnings results from companies including Lucid Group Inc (NASDAQ:LCID), AMC Entertainment Holdings Inc (NYSE:AMC), and Walt Disney Company (NYSE:DIS) will also be watched. During Monday’s regular session, the Dow Jones Industrial Average added 423.8 points or 1.3% to 32,827, the S&P 500 gained 36.3 points or 1% to 3,806.8, and the NASDAQ Composite lifted 89.3 points or 0.9% to 10,564.5. On the bond markets, United States 10-Year rates were at 4.218%.

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