Dow Futures Trade Lower After Indices Extend Declines

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Investing.com – U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages fell for the 4th consecutive session as a hawkish Federal Reserve sapped risk appetites, while investors look ahead to October’s nonfarm payrolls report set to be released later in Friday’s session.

By 7:20pm ET (11:20pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.2% apiece, while Nasdaq 100 Futures fell 0.1%.

In extended deals, Atlassian (NASDAQ:TEAM) shed 23.4% after reporting Q1 EPS of $0.36, versus $0.40 expected, while revenue came in at $807 million versus $806.35 million expected.

 Cloudflare (NYSE:NET) shed 14.4% after the company reported Q3 EPS of $0.06, above expectations of $0.00, while revenue came in at $253.9 million versus $250.63 million expected.

Block Inc (NYSE:SQ) lifted 13.4% after reporting Q3 EPS of $0.42, above expectations of $0.24, while. revenue was reported at $4.52 billion versus $4.52 billion expected.

DoorDash Inc (NYSE:DASH) lifted 10.8% after reporting Q3 losses of $0.77 per share, worse than expected losses of $0.55. Revenue came in at $1.7 billion versus $1.62 billion expected.

PayPal (NASDAQ:PYPL) fell 9.2% after reporting Q3 EPS of $1.08, above expectations of $0.96, while revenue was reported at $6.85 billion versus $6.82 billion expected.

Starbucks (NASDAQ:SBUX) lifted 2%, after reporting Q4 EPS of $0.81 versus $0.73 expected on revenues of $8.4 billion versus $8.33 billion expected.

Ahead in Friday’s session, fresh nonfarm payrolls data will be closely monitored amid expectations of 205,000 jobs added last month and an unemployment rate of 3.5%. Meantime, earnings results from companies including AMC networks will also be closely watched.

During Thursday’s regular trade, the Dow Jones Industrial Average lost 146.5 points or 0.5% to 32,001.3, the S&P 500 fell 39.8 points or 1.1% to 3,719.9 an the NASDAQ Composite dipped 181.9 points or 1.7% to 10,342.9.

On the bond markets, United States 10-Year rates were at 4.149%.