© Reuters
By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday’s evening trade, after major benchmark averages closed lower during the regular session as Federal Reseve policymakers raised rates by 50 basis points, noting that it will continue to raise rates throughout 2023.
By 6:40pm ET (11:40pm GMT) Dow Jones Futures and Nasdaq 100 Futures were up 0.2% apiece while S&P 500 Futures advanced 0.3%.
In extended deals, Lennar Corporation (NYSE:LEN) dipped 2.8% after reporting EPS of $5.02 versus $4.88 expected on revenues of $10.17 billion versus $9.98 billion expected.
Planet Labs PBC (NYSE:PL) added 3.8% after the company reported losses of $0.08 per share versus expected losses of $0.13 per share, while revenues came in at $49.7 million versus $47.19 million expected.
Ahead in Thursday’s session, market participants will be looking towards fresh retail sales and jobless claims data as well as the Philadelphia Fed manufacturing index.
During Wednesday’s regular trade, the Dow Jones Industrial Average lost 142.3 points or 0.4% to 33,966.4, the S&P 500 fell 24.3 points or 0.6% to 3,995.3 and the NASDAQ Composite lost 85.9 points or 0.8% to 11,170.9.
On the bond markets, United States 10-Year rates were at 3.494%.
