© Reuters.
By Oliver Gray
Investing.com - U.S. stock futures moved higher during Wednesday's evening trade, after both the Dow and S&P500 snapped four sessions of consecutive gains as investors retreated amid waning signs of progress as negotiations continue between Ukraine and Russia, while bond yields retreated from recent multi-year highs.
During Wednesday’s regular trade, the S&P 500 fell 0.63% to 4,602.45, and NASDAQ Composite lost 1.21% to 14,442.27. The Dow Jones Industrial Average dropped 65.38 points, or 0.19%, to 35,228.81.
At 22:30 GMT, Dow Jones Futures was up just 0.03%, S&P 500 Futures added 0.11% and Nasdaq 100 Futures were up 0.22%.
Technology companies were hit during Wednesday’s session, with Block Inc (ASX:SQ2) down 4.6%, Amazon.com Inc (NASDAQ:AMZN) falling 1.8%, Advanced Micro Devices Inc (NASDAQ:AMD) falling 3.3% and Micron Technology Inc (NASDAQ:MU) down 3.5% after reporting earnings.
Oil companies were buoyed by rising Crude Oil prices. Occidental Petroleum Corporation (NYSE:OXY) added 1.2%, Exxon Mobil Corp (NYSE:XOM) gained 1.7%, Chevron Corp (NYSE:CVX) lifted 0.7% and ConocoPhillips (NYSE:COP) added 0.4%.
Lululemon Athletica Inc (NASDAQ:LULU) finished 9.6% higher after the company reported earnings results and announced a $1 billion stock buyback program. BioNTech SE (NASDAQ:BNTX) climbed 1.3% after reporting better-than-expected revenue and earnings for the quarter.
Financial heavyweights also finished lower as United States 10-Year rates eased to 2.358%. JPMorgan Chase & Co (NYSE:JPM) lost 0.5%, Citizens Financial Group Inc (NYSE:CFG) dipped 3.8%, Citigroup Inc (NYSE:C) lost 2.7% and Wells Fargo & Company (NYSE:WFC) fell 2.9%.
On the data front, The ADP payrolls showed an increase of 455,000 jobs in March, slightly higher than the expected 450,000. Investors will also be closely watching nonfarm payrolls data for March, set to be released on Friday.
