Dow futures tick higher, Cisco lifts 2.2% after earnings

Investing.com – U.S. stock futures were trading in a tight range during Wednesday’s evening deals, following a negative session among major benchmark averages as market participants assessed the growing possibility of further interest rate increases from Federal Reserve policymakers.

By 19:25 ET (23:35 GMT), were 0.1% higher while and were flat.

In extended deals, Cisco Systems Inc (NASDAQ:) added  2.2% after EPS of $1.14 versus $1.06 expected, while revenues were reported at $15.2 billion, exceeding expectations of $15.05B.

Synopsys Inc (NASDAQ:) added 1.6% after quarterly EPS of $2.88 versus $2.74 expected on revenues of $1.49B versus $1.48B expected.

Avnet Inc (NASDAQ:) added 6.8% after Q4 EPS of $2.06 versus $1.65 expected, while revenue came in at $6.6B versus $6.27B. Avnet sees Q1 2024 EPS of $1.45-$1.55. Avnet sees Q1 2024 revenue of $6.15B-$6.45B expected.

Wolfspeed Inc (NYSE:) shed 14.4% after Q4 losses of $0.42 per share versus expected losses of $0.20 per share, while revenues came in at $235.8 million versus $224.53M.

Paycor HCM Inc (NASDAQ:) dipped 6%, Q4 EPS of $0.08 versus $0.05 expected on revenues of $140M versus $136.51M expected.

Ahead in Thursday’s trade, investors will be looking towards , the and the , as well as earnings results from Walmart Inc (NYSE:), Applied Materials Inc (NASDAQ:), Ross Stores Inc (NASDAQ:), Tapestry Inc (NYSE:) and Lenovo Group (OTC:) Ltd (OTC:).

During Wednesday’s regular session, the fell 180.7 points or 0.5% to 34,765.7, the lost 33.5 points or 0.8% to 4,404.3, and the lost 156.4 points or 1.2% to 13,474.6.

On the bond markets, rates were nearing fresh 16-year highs of 4.258%.