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Futures on the Dow advance as indices extend their gains for a fourth session

Haiden Holmes

Sep 13, 2022 11:07

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Futures for U.S. equities increased on Monday evening, following four consecutive sessions of benchmark index gains, as investors remained optimistic ahead of Tuesday's consumer price index announcement.


At 11:20pm ET (7:20pm GMT), Dow Jones Futures increased 0.1%, while S&P 500 Futures and Nasdaq 100 Futures each rose 0.2%.


Oracle Corporation (NYSE:ORCL) rose 1.4% among reporting corporations after announcing Q1 EPS of $1.03 versus the consensus estimate of $1.08 and sales of $11.45 billion versus $11.3 billion.


Rent the Runway Inc (NASDAQ:RENT) plummeted 22.9% after reporting second-quarter losses of $0.53 per share, which were less than the consensus forecast of $0.65 per share. $76.5 million in revenue was reported as opposed to the expected $73.57 million.


Planet Labs PBC (NYSE:PL) rose by 8.9% and announced per-share losses of $0.15, which were worse than the consensus forecast of $0.14. Revenue increased to $48.5 million from $42.4 million.


Braze Inc (NASDAQ:BRZE) reported Q2 losses per share of $0.16, which was better than the average expectation of $0.20. The actual revenue was $86.1 million compared to the forecasted amount of $81.16 million.


In anticipation of a 0.1% monthly fall in headline inflation, market participants will closely examine the August CPI report before Tuesday's session.


During Monday's regular trading session, the Dow Jones Industrial Average rose 229.6 points, or 0.7%, to 32,381.3. The S&P 500 rose 1.1% to 4,110.4, while the NASDAQ Composite rose 1.3% to 12,266.4.


On the bond markets, the 10-Year yield for the United States was 3.358%.