By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Monday’s evening deals, following a mixed session among major benchmark averages as investors focus on a slew of corporate earnings reports.
By 6:45pm ET (10:45pm GMT) Dow Jones Futures and Nasdaq 100 Futures were down 0.4% apiece while S&P 500 Futures fell 0.3%.
In extended deals, retail stocks were sent tumbling as Walmart Inc (NYSE:WMT) tanked 9.6% after cutting its Q2 and full 2023-year guidance, due to pricing actions aimed to improve inventory levels.
Target Corporation (NYSE:TGT) fell 4.9%, Macy’s Inc (NYSE:M) lost 3.9%, Home Depot Inc (NYSE:HD) shed 2%, Dollar Tree Inc (NASDAQ:DLTR) fell 4.3%, Five Below Inc (NASDAQ:FIVE) declined 2.7% and Costco Wholesale Corp (NASDAQ:COST) shed 3.2%.
Aarons Inc (NYSE:AAN) plummeted 25.8% after reporting Q2 EPS of $0.87, beating estimates of $0.68, while revenue came in at $456.08 million versus $462.88 million expected.
F5 Networks Inc (NASDAQ:FFIV) added 5.6% after reporting Q3 EPS of $2.57 versus $2.24 expected on revenue of $674.45 million versus $668.36 million expected.
Cadence Design Systems Inc (NASDAQ:CDNS) gained 3.9% after the company reported Q2 EPS of $1.08, above estimates of $0.96 while revenue was reported at $857.5 million versus $834.51 million.
Whirlpool Corporation (NYSE:WHR) added 1.4% after reporting Q2 EPS of $5.97, above expectations of $5.27. Revenue came in at $5.2 billion versus $5.23 billion.
Ahead in the session, the Federal Reserve is set to commence its two-day policy meeting, with market participants widely expecting a 75 basis point hike.
Earnings results will also be closely monitored with Coca-Cola Co (NYSE:KO),McDonald’s Corporation (NYSE:MCD) and General Motors Company (NYSE:GM) set to report on Tuesday before the bell while Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), Chipotle Mexican Grill Inc (NYSE:CMG), United Parcel Service Inc (NYSE:UPS) and Enphase Energy Inc (NASDAQ:ENPH) are slated to report after the bell.
During Monday’s trade, the Dow Jones Industrial Average climbed 90.75 points, or 0.3%, the S&P 500 added 0.1% while the NASDAQ Composite lost 0.4%.
On the bond markets, United States 10-Year rates were at 2.807%.