© Reuters
By Oliver Gray
Investing.com - Dow futures were trading slightly lower during Tuesday's evening trade, after major indices closed out the month of February with significant losses, while investors continued to monitor a deluge of earnings results.
By 6:45pm ET (11:45pm GMT) Dow Jones Futures lost 0.2%, S&P 500 Futures were down 0.3% and Nasdaq 100 Futures fell 0.4%.
In extended deals, Rivian Automotive Inc (NASDAQ:RIVN) fell 9.8% after reporting Q4 losses of $1.73 per share versus expected losses of $1.96 per share, while revenue came in at $663 million versus $729 million expected.
HP Inc. (NYSE:HPQ) added 2.8% after reporting Q1 EPS of $0.75, slightly above estimates of $0.74, while revenue was reported at $13.8 billion versus $14.15 billion expected.
First Solar (NASDAQ:FSLR) gained 4.5% after the company reported Q4 losses of $0.07 per share versus expected losses of $0.17 per share. Revenue came in at $1 billion, in-line with expectations.
Novavax Inc (NASDAQ:NVAX) tanked 25.3%, reporting Q4 losses of $2.28 versus expected losses of $1.19 on revenues of $357 million versus $383.14 million.
Ahead in Wednesday's trade, Investors will be monitoring ISM manufacturing and services PMIs as well as monthly construction spending data.
Among earnings, companies including Salesforce Inc (NYSE:CRM), Lowe’s Companies Inc (NYSE:LOW), Snowflake Inc (NYSE:SNOW), Dollar Tree Inc (NASDAQ:DLTR) and Okta Inc (NASDAQ:OKTA) set to deliver quarterly results.
During Wednesday's regular trade, the Dow Jones Industrial Average fell 232.4 points or 0.7% to 32,656.7, the S&P 500 lost 12.1 points or 0.3% to 3,970.2 and the NASDAQ Composite eased 11.4 points or 0.1% to 11,455.5.
On the bond markets, United States 10-Year rates were near 15-week highs of 3.926%.
