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Dow futures trade lower, First Republic tanks 45.9%

© Reuters.

Investing.com – U.S stock futures were trading lower during Monday’s evening deals, following a negative session among benchmark averages as market participants reacted to the JPMorgan Chase & Co’s (NYSE:) takeover of troubled First Republic Bank (NYSE:) ahead of this week’s Federal Reserve and continuing quarterly earnings results.

By 19:00 ET (23:00 GMT), and were 0.1% lower, while fell 0.2%.

In extended deals, Chegg (NYSE:) tanked 36.9% after Q1 EPS of $0.27 versus $0.26 expected on revenues of $187.6 million versus $185.2M expected.

Diamondback Energy (NASDAQ:) fell 1.7% after the company EPS of $4.10 versus $4.35 expected, while revenues came in at $1.93 billion, in line with expectations.

NXP Semiconductors (NASDAQ:) added 4.2% Q1 EPS of $3.19 versus $3.02 expected, with revenues reported at $3.12B versus $3B expected.

Ahead in Tuesday’s session will be looking toward and data, while companies including Pfizer (NYSE:), Advanced Micro Devices (NASDAQ:), Starbucks (NASDAQ:), Uber Technologies (NYSE:), Ford (NYSE:) are set to report quarterly results.

During Monday’s regular session, the fell 46.5 points or 0.1% to 34,051.7, the finished flat at 4,167.9, and the lost 14 points or 0.1% to 12,212.6

On the bond markets, yields were at 3.57%.

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