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Dow futures flat, Airbnb sheds 11.4% after earnings

Investing.com
·2-min read

Investing.com - U.S. stock futures slightly higher in Tuesday's overnight trading, following a negative session among benchmark averages with traders digesting a fresh batch of earnings results ahead of Wednesday's key inflation report.

By 6:35pm ET (10:35pm GMT) Dow Jones Futures, S&P 500 Futures, Nasdaq 100 Futures were each trading in a range of 0.1%.

Analyze Q1 corporate earnings season with InvestingPro.

In extended deals, Airbnb Inc (NASDAQ:ABNB) fell 11.2%, reporting Q1 EPS of $0.18 versus $0.20 expected, while revenue for the quarter was reported at $1.8 billion versus $1.79 billion expected.

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Rivian Automotive Inc (NASDAQ:RIVN) added 5.5%, reporting Q1 losses of $1.25 per share versus expected losses of $1.61 per share, while revenue came in at $661 million versus $655.51 million expected.

Twilio (NYSE:TWLO) fell 14.3% after the company reported Q1 EPS of $0.47 versus $0.21 expected, while revenue came in at $1.01 billion versus $1 billion expected.

Upstart Holdings (NASDAQ:UPST) added 41.9%, reporting Q1 losses of $0.47 per share versus expected losses of $0.82 per share. Revenue came in at $103 million versus $99.72 million.

Ahead in Wednesday's trade, key CPI data will be in focus as market participants attempt to gauge the future path of interest rates.

Earnings season also continues with results expected from Walt Disney Company (NYSE:DIS), Roblox Corp (NYSE:RBLX) and Robinhood (NASDAQ:HOOD).

During Tuesday’s regular session, the Dow Jones Industrial Average lost 56.9 points or 0.2% to 33,561.8, the S&P 500 fell 19 points or 0.5% to 4,119.2 and the NASDAQ Composite dipped 77.4 points or 0.6% to 12,179.6

On the bond markets, United States 10-Year rates were at 3.524%.

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