Sunday, 1 October 2023


Dow futures trade flat, Steelcase adds 4.3% after earnings By

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.97%

© Reuters. – U.S. stock futures were trading in a tight range during Tuesday’s evening deals, following a negative session among major benchmark averages amid rising yields ahead of the Federal Reserve’s key interest rate decision.

By 6:50pm ET (10:50pm GMT) , and were each trading within a range of 0.1%.

In extended deals, Steelcase (NYSE:) added 4.3% after the company Q2 EPS of $0.31 versus $0.20 expected on revenues of $854.6 million versus $829.17 million expected.

Ahead in Wednesday’s trade, investors will be expecting Federal Reserve policymaker to maintain at their current levels, while closely monitoring the and to gauge the future path of interest rates.

Among earnings, companies including FedEx Corporation (NYSE:), General Mills Inc (NYSE:) and KB Home (NYSE:) are set to report quarterly results.

During Tuesday’s regular trade, the dipped 106.6 points or 0.3% to 34,517.7, the lost 9.6 points or 0.2% to 4,443.9 and the fell 32.1 points or 0.2% to 13,678.2.

On the bond markets, rates were at fresh 16-year highs of 4.363%.

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