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Dow futures lift as Biden and McCarthy continue debt talks

© Reuters.

Investing.com – U.S stock futures were trading slightly higher during Monday’s evening deals, following a mixed session among major benchmark averages as market participants monitored debt ceiling negotiations between President Joe Biden and House Speaker Kevin McCarthy.

By 18:50 ET (22:50 GMT) , and lifted 0.1% apiece.

In extended deals, Zoom Video Communications Inc (NASDAQ:) added 0.8% after Q1 EPS of $1.16 versus $0.99 expected, while revenue was reported at $1.1 billion versus $1.08B expected. The company forecasted Q2 2024 EPS in the range of $1.04-$1.06 versus $1.05 expected and revenue in the range of $1.11B-1.$115B versus $1.11B expected.

Ahead in Tuesday’s session, , , preliminary and PMIs will be closely monitored, as well as a speech from the Fed’s .

Among earnings, quarterly results are scheduled from companies including Intuit Inc (NASDAQ:), Lowe’s Companies Inc (NYSE:), Palo Alto Networks Inc (NASDAQ:), BJs Wholesale Club Holdings Inc (NYSE:), and Dick’s Sporting Goods Inc (NYSE:).

During Monday’s regular trade, the fell 140.1 points or 0.4% to 33,286.6, the finished flat at 4,192.6, and the lifted 62.9 points or 0.5% to 12,720.8.

On the bond markets, rates were at fresh 2-month highs of 3.721%.

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