Dow futures lift, Paypal dips 6.8% after earnings By

- U.S. stock futures were trading higher during Wednesday's evening deals,What are the international foreign exchange platforms following a negative session among major benchmark indices as Fitch's recent long-term credit downgrade of the United States soured sentiment.

By 7:15pm ET (11:15pm GMT) and were up 0.2% while ticked 0.1% higher.

In extended deals, PayPal (NASDAQ:) lost 6.8% after the company Q2 EPS of $1.16 versus $1.15 expected, while revenues were reported at $7.29B versus estimates of $7.27B. PayPal also forecasted Q3 2023 EPS in the range of $1.22-$1.24 versus $1.22 expected and revenues of $7.4 billion versus $7.32 billion expected.

Inc. (NASDAQ:) popped 19.4%, Q2 EPS of $0.10 versus $0.00 expected. while quarterly revenue came in at $168.61 million versus $162.53 million expected.

DoorDash Inc (NYSE:) added 4.9% after Q2 losses of $0.44 per share versus expected losses of $0.41 per share. Revenue was reported at $2.13 billion versus $2.06 billion.

Qualcomm (NASDAQ:) dropped 7.1%, Q3 EPS of $1.87 versus $1.81 expected, with revenue reported at $8.44 billion versus $8.51 billion expected. Qualcomm forecasted Q4 2023 EPS in the range of $1.80-$2.00 versus $1.91 expcted, while revenues are expected in the range of $8.1-8.9 billion versus $8.7 billion expected.

Etsy (NASDAQ:) lost 6.1% after the company Q2 EPS of $0.45 versus $0.42 expected. Revenues came in at $628.9 million versus $618.62 million expected.

Ahead in Thursday's trade, investors will be closely monitoring , preliminarly as well as the and services PMIs.

On the earnings front, major companies reporting quarterly results include Apple Inc (NASDAQ:), Amazon.com Inc (NASDAQ:), ConocoPhillips (NYSE:), (NASDAQ:), and Booking Holdings Inc (NASDAQ:).

Stay ahead of the curve this earnings season with InvestingPro.

During Wednesday's regular session, the dipped 348.2 points or 1% to 35,282.5, the slipped 63.3 points or 1.4% to 4,513.4 and the lost 310.5 points or 2.2% to 13,973.5.

Among data releases, data came in well above expectations at 324K, while falling from the previous month's reading of 455K.

On the bond markets, rates were at 4.088%.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!