Dow futures ease after negative session, US stock earnings in focus

During Thursday’s evening trades, US stock futures were trading in a narrow range after the major averages registered a negative afternoon due to mixed earnings from Tesla Inc. and decreasing economic data.

By 18:50 ET (22:50 GMT), Nasdaq 100 futures were up 0.1%, S&P 500 futures were barely moved, and Dow Jones futures were down 0.1%.

CSX Corp. (NASDAQ:CSX) gained 2.9% in extended trading after reporting Q1 EPS of $0.48 versus $0.43 expected and revenues of $3.71 billion versus $3.59 billion.

After reporting Q1 EPS of $0.73 versus $0.82 expected and revenues of $1.64B versus $1.62B projected, Knight Transportation Inc (NYSE:KNX) saw a 0.7% decline.

Investors will be watching the manufacturing and services preliminary PMIs and Federal Reserve Governor Cook’s speech in the coming session on Friday.

Several businesses, including Procter & Gamble Company (NYSE:PG), Schlumberger NV (NYSE:SLB), Woodside Energy Ltd (NYSE:WDS), and HCA Holdings Inc (NYSE:HCA), are scheduled to release their quarterly results.

The S&P 500 dropped 24.7 points or 0.6% to 4,129.8; the Nasdaq Composite dropped 97.7 points or 0.8% to 12,059.6 during regular trading on Thursday. The Dow Jones Industrial Average dropped 110.4 points or 0.3% to 33,786.6.

Investors remained wary about the economic outlook as existing home sales data and the Philadelphia Fed manufacturing index came in below estimates, causing Tesla Inc. (NASDAQ:TSLA) to plunge 9.8% following poor earnings results.

United States 10-Year rates were 3.536% on the bond markets.