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Home News U.S. Stock Futures Hold Steady, DocuSign Surges 2.9% in After-Hours Trading

U.S. Stock Futures Hold Steady, DocuSign Surges 2.9% in After-Hours Trading

by sun

In a relatively stable evening session, U.S. stock futures exhibited minimal fluctuations on Thursday. This muted performance followed a mixed trading session in major benchmark indices, with market participants closely evaluating the potential implications of future interest rate hikes by Federal Reserve officials.

As of 6:35 PM ET (10:35 PM GMT), Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures demonstrated a marginal trading range, with fluctuations remaining confined to 0.1%.

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During after-hours trading, DocuSign Inc (NASDAQ: DOCU) exhibited notable strength, surging by 2.9%. The surge followed the release of the company’s Q2 earnings report, which indicated an earnings per share (EPS) of $0.72, surpassing the expected figure of $0.66. Additionally, DocuSign reported revenues of $687.7 million, outperforming the projected $677.56 million.

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Smith & Wesson Brands Inc (NASDAQ: SWBI) recorded an impressive gain of 12.3% in after-hours trading. This surge was attributed to the company’s Q1 earnings report, revealing an EPS of $0.13, exceeding the expected $0.12. The company also reported revenues of $114.2 million, surpassing the anticipated $104.12 million.

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Conversely, RH (NYSE: RH) experienced a decline of 7.6% following the release of its Q2 earnings report. The company reported an EPS of $3.93, which exceeded expectations of $2.56. However, revenues of $800 million fell short of the projected $777.8 million.

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Smartsheet (NYSE: SMAR) exhibited strength, rising by 5.6% in after-hours trading. This gain was driven by the company’s Q2 earnings report, which disclosed an EPS of $0.16, surpassing the expected $0.08. Furthermore, Smartsheet reported revenues of $235.6 million, outperforming the anticipated $229.57 million.

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In Friday’s trading session, investors will closely monitor data on wholesale inventories and trade sales, along with a speech by Federal Reserve official Barr.

In regular trading on Thursday, the Dow Jones Industrial Average added 57.5 points or 0.2%, closing at 34,500.7, while the S&P 500 dipped by 14.3 points or 0.3%, concluding at 4,451.2. The NASDAQ Composite experienced a decline of 123.6 points or 0.9%, ending the session at 13,748.8.

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In the bond market, United States 10-Year rates stood at 4.25%.

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