By Oliver Gray
Investing.com – U.S. stock futures were trading higher during Thursday’s evening deals, after major benchmark averages finished the regular session in a mixed fashion amid stronger than expected producer price data, while earnings reports from major financials companies came in below expectations.
In extended deals, Pinterest Inc (NYSE:PINS) shares surged 15.8% following a Wall Street Journal report that noted activist investor Elliott Management’s stake of more than 9%.
Ahead in the session, investors will be monitoring June retail sales, import and export prices, June’s industrial production report and July’s preliminary consumer sentiment data. Meantime, Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to report earnings results.
During Thursday’s regular trade, the Dow Jones Industrial Average fell 142.6 points or 0.5% to 30,630.2, the S&P 500 dipped 11.4 points or 0.3% to 3,790.4 while the NASDAQ Composite finished just 3.6 points higher at 11,251.2.
Financial heavyweights retreated amid weaker than expected earnings, with Morgan Stanley (NYSE:MS) down 0.4% after reporting Q2 EPS of $1.44 versus $1.57 expected, while revenues came in at $13.13billion versus $13.39 billion expected.
On the bond markets, United States 10-Year yields were at 2.958%.