Dow futures trade flat, Powell speech in focus © Reuters

By Oliver Gray – U.S. stock futures were trading in a tight range during Tuesday’s evening trade, after major benchmark averages finished mixed during the regular session as investors rotated toward riskier assets amid signs of a cooling economy and bets of less aggressive interest rates from Federal Reserve policymakers going forward.

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

In extended deals, Accolade Inc (NASDAQ:) added 5.3% after the company Q3 losses of $0.56 per share, better than expected losses of $0.62 per share, while revenue was reported at $90.9 million  versus $87.54 million expected

Ahead in Wednesday’s session, market participants will be closely monitoring Federal Reserve Chair Jerome Powell’s for any insights into the future path of interest rate hikes. In addition, and are also slated for release.

In regular trading, the fell 113 points or 0.3% to 33,517.7, the eased 3 points or 0.1% to 3,892.1 and the added 66.4 points or 0.6% to finish at 10,635.7, boosted by a rebounding tech sector, with Tesla Inc (NASDAQ:) lifting 5.9%, Inc (NASDAQ:) up 1.5%, Microsoft Corporation (NASDAQ:) adding 1% and NVIDIA Corporation (NASDAQ:) up 5.2%.

On the bond markets, rates were at 3.527%.


Please enter your comment!
Please enter your name here