Dow Futures Ease As Retail Earnings Continue

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Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished regular trade higher amid positive earnings results from major retailers.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.1% while Nasdaq 100 Futures traded flat.

In extended deals, Ulta Beauty Inc (NASDAQ:ULTA) lifted 6.8% after the company reported Q1 EPS of $6.28, beating analyst estimates of $4.44, while revenue came in at $2.35 billion versus $2.12 billion expected. The company also issued better-than-expected forward guidance for the full year.

Gap Inc (NYSE:GPS) dumped 12.9% after reporting Q1 losses per share of 44 cents, worse than expected losses of 13 cents. Revenue came in at $3.48 billion versus $3.44 billion. The company also slashed its profit outlook for the year.

Dell Technologies Inc (NYSE:DELL) gained 7.9% after reporting Q1 EPS of $1.84 versus $1.40 expected on revenue of $26.1 billion versus $25.12 billion expected.

Costco Wholesale Corp (NASDAQ:COST) dipped 2.1% despite posting better-than-expected quarterly sales. The company reported Q3 EPS of $3.17, ahead of $3.06 expected. Revenues came in at $52.6 billion versus $51.28 billion expected.

Marvell Technology Group Ltd (NASDAQ:MRVL) added 2.6% after reporting Q1 EPS of $0.52, beating analyst estimates of $0.51,while revenue for the quarter came in at $1.45 billion versus $1.43 billion expected.

American Eagle Outfitters Inc (NYSE:AEO) fell 11.9% after reporting Q1 EPS of $0.16 versus $0.25 expected on revenues of $1.06 billion versus $1.14 billion.

Ahead in the session, market participants will be closely monitoring fresh personal income, consumer spending and core personal consumption expenditures data.

During Thursday’s regular session, the Dow Jones Industrial Average added 516.9 points or 1.6% to 32,637.2, the S&P 500 added 79.1 points or 2% to 4,057.9 and the NASDAQ Composite gained 305.9 points or 2.7% to 11,740.7.

On the bond markets, United States 10-Year yields were at 2.742%.