Dow futures steady after indices drop on recession fears

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Investing.com – U.S. stock futures were trading lower during Thursday’s regular deals, after major benchmark averages tumbled during regular trade as weaker than expected retail sales data sapped risk sentiment.

By 6:35pm ET (11:35pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading within a range of 0.1%.

In extended deals, Adobe Systems (NASDAQ:ADBE) lifted 4.7% after reporting Q4 EPS of $3.60 versus $3.50 expected while revenue came in at $4.53 billion versus $4.53 billion expected.

Ahead in Friday’s session, investors will be focusing on preliminary services and manufacturing PMIs as well as corporate earnings results from Olive Garden parent Darden Restaurants Inc (NYSE:DRI).

During Thursday’s regular session, the Dow Jones Industrial Average dropped 764.13 points or 2.3% to 33,202.2. The S&P 500 fell 99.6 points or 2.5% to 3,895.7 and the NASDAQ Composite lost 360.4 points or 3.2% to 10,810.5.

On the bond markets, United States 10-Year rates were at 3.45%.