Investing.com – U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark lifted for the third consecutive day as weaker than expected house price data bolstered bets of smaller interest rates hikes from U.S. Federal Reserve policymakers.
In extended deals, Alphabet (NASDAQ:GOOGL) dropped 6.7% after the company reported Q3 EPS of $1.06, below $1.28 expected, while revenue came in at $69.09 billion versus $71.34 billion expected. CEO Sundar Pichai also that the Q4 headcount additions will be “significantly lower” as focus turns toward “moderating operating expense growth.”
Ahead in Wednesday’s session, market participants will be monitoring fresh weekly mortgage applications, wholesale inventories and new home sales data, while earnings results from Meta Platforms Inc (NASDAQ:META) will also be closely watched.
During Tuesday’s regular session, the Dow Jones Industrial Average advanced 337.1 points or 1.1% to 31,836.8, the S&P 500 added 61.8 points or 1.6% to 3,859.1 and the NASDAQ Composite gained 246.5 points or 2.3% to 11,199.1.
On the bond markets, United States 10-Year yields were at 4.1%.