Dow futures trade flat, CrowdStrike lifts 5.5% after earnings

By Oliver Gray 

Investing.com – U.S. stock futures were little changed on Tuesday, after a negative session among major benchmark averages as investors retreated following Federal Reserve Chairman Jerome Powell’s latest .

By 6:30pm ET (11:30pm GMT) , and were each trading within a range of 0.1%.

In extended deals, CrowdStrike Holdings Inc. (NASDAQ:) added 5.5% after the company Q4 EPS of $0.47 versus $0.43 on revenues of $637.4 million versus $624.77 million expected. The company also forecasted Q1 2024 EPS of $0.50-$0.51 versus estimates of $0.43, with revenues in the range of $674.9-678.2 million.

Stitch Fix (NASDAQ:) dipped 5.2% after Q2 losses of $0.58 per share versus losses of $0.34 per share expected, with revenue coming in at $412.1 million versus $413.24 million expected.

Rigel Pharma (NASDAQ:) gained 19% after the company Q4 EPS of $0.01 versus expected losses of $0.09 per share, while revenue was reported at $51.3 million versus $36.52 million expected.

Arlo Technologies , Inc. (NYSE:) lifted 10.6% after Q4 losses of $0.04 per share versus expected losses of $0.10 per share, while revenue came in at $118.5 million versus $107.44 million expected.

Ahead in Wednesday’s trade, market participants will be closely monitoring Powell’s as well as , , and the Fed’s .

In Tuesday’s regular session, the lost 575 points or 1.7% to 32,856.5, the dipped 62.1 points or 1.5% to 3,986.4 and the fell 145.4 points or 1.3% to 11,530.3.

On the bond markets, rates were at 3.97%.