Dow Futures Trade Flat Ahead of U.S. Midterm ElectionsNovember 9, 2022
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.
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%.