Dow futures lift after Fed rate hike, Meta surges 7% after earnings

Investing.com – U.S. stock futures were trading in a mixed fashion on Wednesday’s evenings, following mixed trade among major averages following the Federal Reserve’s decision to hike a further 25 basis points, in line with market expectations, while investors monitored ongoing earnings results from major companies.

By 6:55pm ET (10:55pm GMT) dipped 0.2%, were flat and added 0.2%.

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In extended deals, Meta Platforms Inc (NASDAQ:) lifted 7% Q2 EPS of $2.98 versus $2.91 expected, on revenues of $32 billion versus $31.08 billion expected. The company also forecasted Q3 2023 revenues in the range of $32-34.5 billion expected versus $31.2 billion expected.

eBay (NASDAQ:) dipped 4.8% after the company Q2 EPS of $1.03 versus $0.99 expected, while revenues came in at $2.5 billion versus $2.51 billion expected. The company forecasted Q3 2023 EPS in the range of $0.96-$1.01 versus $0.92 expected and revenues in the range of $2.46-2.52 billion versus $2.23 billion expected.

Chipotle Mexican Grill (NYSE:) fell 8.5% after Q2 EPS of $12.65 versus $12.29 expected, with revenues reported at $2.5 billion versus $2.53 billion expected.

Align Technology (NASDAQ:) surged 12.4% after Q2 EPS of $2.22 versus $2.04 expected, while revenues came in at $1 billion versus $992.76 million expected.

Ahead in Thursday’s trade, market participants will be closely watching fresh , , and .

Earnings are set to continue, featuring major companies Mastercard Inc (NYSE:), McDonald’s Corporation (NYSE:), Intel Corporation (NASDAQ:) and Nestle SA (SIX:) ADR (OTC:).

During Wednesday’s session, the added 82.1 points or 0.2% to 35,520.1, the finished flat at 4,566.7 and the eased 17.3 points or 0.1% to 14,127.3.

On the bond markets, rates were at 3.877%.