Dow Futures Tick Higher Ahead of CPI Print, DocuSign Reports

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© Reuters Dow Futures Tick Higher Ahead of CPI Print, DocuSign Reports

By Oliver Gray 

Investing.com – Dow futures ticked higher during Thursday’s evening deals after major benchmark averages closed sharply lower ahead of key inflation data set for release later in the session.

By 6:55pm ET (10:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were up by 0.1%

In extended deals, DocuSign Inc (NASDAQ:DOCU) tanked 23.2% after reporting Q1 EPS of $0.38, below expectations of $0.46 on revenue of $588.7 million versus $582.9 million estimated.

Stitch Fix (NASDAQ:SFIX) dropped 15.3% after Stitch Fix delivered weak guidance and announced layoffs. The company reported Q3 losses of $0.72 per share worse than expected losses of $0.55 per share. Revenue came in at $494.9 million versus $493.26 million expected.

Rent the Runway Inc (NASDAQ:RENT) moved 10.2% higher after reporting Q1 losses of $0.67 per share, versus losses of $3.75 reported last year. Revenue was at $67.1 million versus $33.5 million reported last year.

Vail Resorts Inc (NYSE:MTN) jumped 5.5% after Vail topped expectations on the top and bottom lines for the fiscal third quarter. The company reported Q3 EPS of $9.16, beating analyst estimates of $9.03, while revenues came in at $1.18 billion versus $1.15 billion expected.

Comtech Telecommunications Corp (NASDAQ:CMTL) fell 11.4% after reporting Q3 EPS of $0.06, in-line with the analyst estimates while revenues came in at $122.1 million versus $122.44 million expected.

Ahead in the session, all eyes will be on May’s consumer price index report, with markets expecting a year over year increase of 8.3%. Preliminary consumer sentiment for June is also set for release later in the session.

During Thursday’s regular trade, the Dow Jones Industrial Average fell 638.11 points, or 1.94%, to 32,272.79, the S&P 500 declined 2.38% to 4,017.82, and the NASDAQ Composite shed 2.75% to 11,754.23.

Major tech stocks were among the hardest hit, with Block Inc (NYSE:SQ) down 9.6%, Amazon.com Inc (NASDAQ:AMZN) falling 4.2%, Microsoft Corporation (NASDAQ:MSFT) down 2.1%, Meta Platforms Inc (NASDAQ:FB) dipping 6.4% and Apple Inc (NASDAQ:AAPL) shedding 3.6%.

On the bond markets, United States 10-Year rates were at 3.046%.