By Oliver Gray
- U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark averages started 2023 with significant declines as higher interest rates and persisting inflation pressures fuel fear of an economic downturn.
By 6:25pm ET (11:25pm GMT) , and were each down by 0.1%.
In extended deals, (NASDAQ:) added 7.6% after the company Q1 EPS of $0.79 versus $0.59 expected, while revenue came in at $465 million versus $447.18 million expected.
Ahead in Wednesday’s session, investors will be monitoring fresh as well as and the ISM PMI.
During Tuesday’s regular trade, the finished little changed at 33,136.4, the lost 15.4 points or 0.4% to 3,824.1 and the retreated 79.5 points or 0.8% to 10,387.
Among stocks, Tesla Inc (NASDAQ:) tanked 12.4% after delivery data came in below expectations, while Apple Inc (NASDAQ:) fell 3.7% following reports of production cuts.
On the bond markets, rates were at 3.752%.
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