Dow futures dip slightly after closing at 2023 high

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Written By Pinang Driod

© Reuters.

Investing.com – US stock futures decreased slightly during Thursday’s overnight trading, after the reached a new peak for 2023 and wrapping up its best month in over a year.

By 6:45 pm ET (11:45 pm GMT) , , , slipped by 0.1% apiece.

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In extended deals, Marvell Technology (NASDAQ:) fell 3.6% after the company EPS of $0.41 versus $0.4 expected on revenues of $1.42 billion versus $1.4 billion expected.

Ulta Beauty (NASDAQ:) surged 11.7%, EPS of $5.07 versus $4.99 expected, while revenues came in at $2.5 billion versus $2.47 billion expected.

UiPath Inc. (NYSE:) gained 11.5% after the company EPS of $0.12 versus $0.07 expected on revenues of $326 million versus $315.61 million expected.

Elastic N.V. (NYSE:) also jumped 17.5% after EPS of $0.37 versus $0.24 expected on revenues of $311 million versus $304.44 million expected.

Dell (NYSE:) dipped 4.4% after the company EPS of $1.88 versus $1.46 expected on revenues of $22.3 billion versus $23.01 billion expected.

Ahead in Friday’s trade, traders will be monitoring earnings reports from Dominion Energy Inc (NYSE:), Gartner Inc (NYSE:), and Cardinal Health Inc (NYSE:), along with the release of for October and data for November.

During Thursday’s regular session, the Dow Jones Industrial Average surged by 520 points or 1.47%, settling at 35,950.89 and surpassing its previous 2023 high reached in August. The rose by 0.4%, while the fell slightly by about 0.2%.

November ended with stocks marking a record month and breaking a three-month losing streak. The S&P and Nasdaq rallied 8.9% and 10.7% respectively, recording their best monthly performances since July 2022. The Dow surged 8.8%, marking its best month since October 2022.

On the bond markets, rates were at 4.328%.

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