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U.S. stock futures little changed ahead of inflation data

written by Bella Palmer
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Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading flat

U.S. stock futures were little changed during Tuesday’s evening deals after major benchmark averages finished the regular session lower amid volatile conditions as investors look ahead to key inflation data later in the session.

By 10:45pm GMT Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading flat.

In extended deals, Coinbase Global Inc shed 16.6% after reporting results. The company reported Q1 losses of $1.98 per share, $2.03 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $1.17 billion versus $1.5 billion expected.

Unity Software Inc tanked 27.3% after reporting losses per share of 8 cents versus 9 cents expected, while revenue came in at $320.1 million versus $321.35 million expected.

Roblox Corp moved 3.8% lower after results, with Q1 losses of 27 cents per share versus analyst estimates of 20 cents, while revenues came in at $537.1 million versus $657.4 million expected.

Electronic Arts Inc gained 2.4% after reporting as Q4 EPS came in at 80 cents versus $1.44 expected while quarterly revenue came in at $1.75 billion versus $1.77 billion expected.

Inovio Pharmaceuticals Inc dropped 19.7% as the company reported Q1 losses of 36 cents per share, $0.02 worse than estimates of 34 cents. Revenue for the quarter came in at $199 thousand versus $670 thousand expected.

Market participants will be closely focused on the release of April’s consumer price index Wednesday morning after last month’s reading came in at 8.5%, the highest levels since December 1981. Economists are expecting a slightly cooler reading of 8.1% in April.

Investors are also looking to earnings reports from companies including Toyota Motor Corporation, Walt Disney Company and Beyond Meat Inc.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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