United States stock futures edged slightly lower on Monday night (Tuesday AEST) after the Dow Jones Industrial Average closed at a record high, with investors turning their attention to a series of economic data releases due later on Tuesday.
By 9:55 am AEST (11:55 pm GMT), futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were each down around 0.1%.
In extended trading, defence technology company AeroVironment surged 20.6% after reporting stronger-than-expected fiscal fourth-quarter results. The company posted adjusted earnings per share of $1.84, comfortably ahead of analysts' expectations of $1.46, while revenue rose to $641.6 million, exceeding forecasts of $555.97 million.
Meanwhile, customer experience solutions provider Concentrix tumbled 22.3% after missing market expectations for its second-quarter results and issuing weaker-than-expected guidance.
Concentrix reported adjusted earnings per share of $2.63, narrowly below the consensus estimate of $2.64, while revenue of $2.46 billion also fell short of the expected $2.47 billion.
The company also forecast current-quarter earnings and revenue below analysts' estimates and lowered its full-year guidance for earnings, revenue and operating income.
The subdued futures trade followed a positive session on Wall Street, where equities rallied after an easing in hostilities between the United States and Iran improved investor sentiment.
The S&P 500 rose 1.18%, while the Nasdaq Composite gained 2.07%. The Dow Jones Industrial Average advanced 0.6% to finish above the 52,000-point mark for the first time, setting a new record closing high.
The Dow's gains were supported by a 4.8% rise in Alphabet, which completed its first trading session as a member of the blue-chip index.
Investors will now focus on a series of economic reports due on Tuesday, including the May Job Openings and Labor Turnover Survey (JOLTS), the June Chicago Purchasing Managers' Index and the latest U.S. consumer confidence reading, for further clues on the strength of the economy and the outlook for interest rates.
