U.S. stock futures exhibited modest gains on Thursday night, as investors eagerly anticipated the release of key nonfarm payrolls data scheduled for Friday’s trading session. The market witnessed mixed performance among major benchmark indices.
As of 6:50 pm ET (10:50 pm GMT), Dow Jones Futures had edged up by 0.1%, S&P 500 Futures remained steady, and Nasdaq 100 Futures showed a slight 0.1% dip.
In after-hours trading, Dell Technologies Inc (NYSE: DELL) surged by an impressive 7.5% after the company reported its Q2 earnings per share (EPS) of $1.74, surpassing expectations that were at $1.14. The company also reported revenues of $22.9 billion, exceeding the anticipated $20.86 billion.
MongoDB (NASDAQ: MDB) posted a notable gain of 4.1%, reporting an EPS of $0.93 compared to the expected $0.46. Additionally, the company’s revenues were reported at $423.8 million, surpassing the estimated $393.68 million.
However, Broadcom Inc (NASDAQ: AVGO) experienced a decline of 4.8% after reporting Q4 EPS of $10.54, slightly below the expected $10.43. The company’s revenues reached $8.88 billion, which was slightly higher than the estimated $8.85 billion.
VMware Inc (NYSE: VMW) faced a 1.7% decrease after reporting an EPS of $1.83, slightly exceeding the expected $1.71. The company’s revenue for the period amounted to $3.41 billion, just below the expected $3.46 billion.
Lululemon Athletica Inc (NASDAQ: LULU) saw a gain of 1.1% after reporting an EPS of $2.68, surpassing the expected $2.53. The company’s revenues were $2.2 billion, slightly exceeding the anticipated $2.17 billion.
In Friday’s trading session, market participants will closely monitor key economic indicators, including average hourly earnings, nonfarm payrolls, unemployment rates, as well as the Markit and ISM manufacturing Purchasing Managers’ Indices (PMIs).
During Thursday’s regular session, the Dow Jones Industrial Average experienced a decline of 168.3 points or 0.5%, closing at 34,721.9. Similarly, the S&P 500 lost 7.2 points or 0.2%, closing at 4,507.7. In contrast, the NASDAQ Composite showed a slight increase of 0.1%, reaching 14,035. For the month of August, the Dow recorded a 2.4% decrease, the S&P 500 dipped by 1.4%, and the NASDAQ reported a loss of 1.7%.
In the bond markets, United States 10-Year rates were observed at 4.106%.
