Dow Futures Little Changed After Worst Session Since 2020

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Investing.com – U.S. Stock futures were little changed in overnight trading Thursday after major benchmark indices finished the regular trading session deep in the red, with the Dow Jones Industrial Average posting its worst day since 2020.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures were flat, S&P 500 Futures eased 0.1% and Nasdaq 100 Futures were down 0.2%.

In extended deals, Block Inc (NYSE:SQ) lifted 7.8% despite reporting weaker than expected results. Q1 EPS came in at $0.18 versus $0.24 expected on revenues $3.96 billion versus the consensus estimate of $4.19 billion.

Zillow Group Inc (NASDAQ:ZG) fell 8.9% after reporting, with Q1 revenues coming in at $4.3 billion versus the consensus estimates of $3.38 billion.

Luminar Technologies (NASDAQ:LAZR) fell 7.8% as the company reported losses per share of $0.25 versus $0.13 expected. Revenues for the quarter came in at $6.9 million versus $8.54 million expected.

Opendoor Technologies Inc (NASDAQ:OPEN) popped 13.7% after reporting results. Q1 EPS came in at $0.04 versus losses of $0.13 expected. Revenues came in at $5.2 billion versus the consensus estimate of $4.29 billion.

DoorDash Inc (NYSE:DASH) lifted 8% as the company reported losses per share of $0.48, worse than analyst estimates of $0.41, while revenues came in at $1.46 billion versus $1.37 billion expected.

Bill Com Holdings Inc (NYSE:BILL) tanked 13.2% after reporting Q3 losses of $0.08 per share, beating estimates of a $0.16 loss per share. Revenues for the quarter came in at $166.9 million versus $157.62 million expected.

MercadoLibre Inc (NASDAQ:MELI) gained 6.8% after reporting Q1 EPS of $1.30, slightly below estimates of $1.36. Revenue for the quarter came in at $2.2 billion versus $2.02 billion expected.

On the data front, market participants will be closely monitoring the upcoming April jobs report, set for release Friday morning. Nonfarm payrolls are expected to add 400,000 jobs, while the unemployment rate is expected to fall to 3.5% in April, down from 3.6% in March.

During Thursday’s regular deals, The Dow Jones Industrial Average lost 1,063 points or 3.12% to close at 32,997.97 while the NASDAQ Composite fell 4.99% to finish at 12,317.69, posting the worst single-day drops since 2020. Meantime, the S&P 500 fell 3.56% to 4,146.87 to mark its second worst day of 2022.

On the bond markets, United States 10-Year rates were at 3.035%.