Dow futures slip as indices pull back on credit downgrade

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By 7:30pm ET (11:30pm GMT) Dow Jones Futures were down 0.1% while S&P 500 Futures and Nasdaq 100 Futures were flat.

In extended trading, Rivian Automotive Inc (NASDAQ:RIVN) was 0.1% higher after the company reported losses of $1.27 per share versus expected losses of $1.43, while revenues came in at $1.12 billion versus $1 billion expected.

Lyft (NASDAQ:LYFT) moved 6.6% lower, reporting Q2 EPS of $0.16 versus expected losses of $0.01 per share, while revenues were reported at $1.02 billion versus $1.02 billion expected.

Upstart Holdings (NASDAQ:UPST) fell 19.4% after the company reported Q2 EPS of $0.06 versus expected losses of $0.07 per share. Revenues came in at $135.77 million versus $135.21 million expected.

Ahead in Wednesday’s session, investors will be looking toward earnings results from companies including Walt Disney Company (NYSE:DIS), Honda Motor Co Ltd ADR (NYSE:HMC) and The Trade Desk (NASDAQ:TTD).

During Tuesday’s regular trade, the Dow Jones Industrial Average fell 158.6 points or 0.5% to 35,314.5, the S&P 500 lost 19 points or 0.4% to 4,499.4 and the NASDAQ Composite lost 110.1 points or 0.8% to 13,884.3.

On the bond markets, United States 10-Year rates were at 4.017%.