Dow Futures Trade Flat After Indices Retreat

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Investing.com – U.S. stock futures were trading in a tight range during Wednesday’s evening deals, following significant declines in the regular session as closer than expected midterm election results soured risk sentiment ahead of fresh consumer price data set to be released later in Thursday’s session.

By 6:30pm ET (11:30pm GMT) Dow Jones Futures and S&P 500 Futures were little changed while Nasdaq 100 Futures ticked 0.1% higher.

In extended deals, Rivian Automotive Inc (NASDAQ:RIVN) lifted 7% after reporting Q3 losses of Q3 of $1.57 per share versus expected losses of $1.81 per share, while revenue came in at $536M versus $568.5M expected.

Bumble Inc (NASDAQ:BMBL) dipped 15% after the company reported Q3 EPS of $0.14 versus $0.01 expected on revenues of $232.6M versus $238.27M expected.

Unity Software Inc (NYSE:U lost 7% after reporting Q3 losses of $0.14 versus $0.15, while revenue came in at $322.9M versus $326.01M expected.

Ahead in Thursday’s session, traders will be looking out October’s CPI reading, amid expectations of an 8% annualized increase, cooling from last month’s reading of 8.2%. Jobless claims data will also be closely watched. On the earnings front, companies including AstraZeneca (NASDAQ:AZN), Aurora Cannabis Inc (NASDAQ:ACB) and Nio (NYSE:NIO) are set to release results.

During Wednesday’s regular trading, the Dow Jones Industrial Average fell 646.9 points or 2% to 32,514, the S&P 500 lost 79.5 points or 2.1% to 3,748.6 and the NASDAQ Composite fell 263 points or 2.5% to 10,353.2.

On the bond markets, United States 10-Year rates were at 4.099%.