Dow futures slip as indices pull back on credit downgrade

Investing.com – U.S. stock futures were trading slightly negative during Tuesday’s evening deals after major benchmark averages sold off during regular trade following Moody’s downgrade of the financial sector.

By 19:30 ET (23:30 GMT), were down 0.1% while and were flat.

In extended trading, Rivian Automotive (NASDAQ:) was 0.1% higher after the company losses of $1.27 per share versus expected losses of $1.43, while revenues came in at $1.12 billion versus $1B expected.

Lyft (NASDAQ:) moved 6.6% lower, Q2 EPS of $0.16 versus expected losses of $0.01 per share, while revenues were reported at $1.02B, in line with expectations.

Upstart Holdings (NASDAQ:) fell 19.4% after the company Q2 EPS of $0.06 versus expected losses of $0.07 per share. Revenues came in at $135.77 million versus $135.21M expected.

Ahead in Wednesday’s session, investors will be looking toward earnings results from companies including Walt Disney Company (NYSE:), Honda Motor (NYSE:), and The Trade Desk (NASDAQ:).

During Tuesday’s regular trade, the fell 158.6 points or 0.5% to 35,314.5, the lost 19 points or 0.4% to 4,499.4, and the lost 110.1 points or 0.8% to 13,884.3.

On the bond markets, rates were at 4.017%.