After Tuesday’s brutal sell-off, sentiment continues to remain unsettled. The index futures point to indecision and a lack of conviction among traders on Wednesday as they look ahead to more Main Street cues.
Cues From Tuesday’s Trading:
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping more than 2% on Tuesday.
The Dow traded down 2.06% to 33,129.04 while the NASDAQ fell 2.39% to 11,506.10. The S&P 500 also fell, dropping, 2.05% to 3,995.66.
Gainers
Arbe Robotics Ltd. (NASDAQ: ARBE) gained 62.8% to $7.08. Arbe Robotics is expected to report its financial results for the fourth quarter on Thursday, March 2, 2023.
Donnelley Financial Solutions Inc (NYSE: DFIN) shares are trading lower by 23.46% to $37.94 Tuesday afternoon after the company reported worse-than-expected fourth-quarter adjusted EPS and sales results.
What Happened?