United States futures traded slightly higher across the board on Monday evening (Tuesday AEDT) as Wall Street struggled to regain momentum during the regular session.
By 10:20 am AEDT (11:20 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures and Nasdaq-100 futures edged up by 0.1% apiece.
In extended deals, Hims & Hers Health plunged 17.5%, as investors overlooked strong revenue and earnings, shifting focus to the weaker-than-expected gross margin, and management’s decision to withdraw commercial doses of its Ozempic competitor.
Topgolf Callaway Brands gained 1.5% after reporting a narrower-than-expected fourth-quarter loss per share.
Zoom Video Communications slipped 1.9% after issuing weaker-than-expected revenue guidance for its fiscal first quarter of 2026.
Insurance marketplace EverQuote surged 28% after beating earnings and revenue estimates.
Cleveland-Cliffs declined 4.5% after missing revenue expectations. The steel producer reported fourth-quarter revenue of $4.3 billion, down from $5.1 billion in the same period last year.
Meanwhile, Starbucks shares inched up 0.1% after announcing corporate layoffs. CEO Brian Niccol stated that the company would cut 1,100 corporate jobs and leave several other positions unfilled as part of a restructuring effort. The job reductions will not affect workers in Starbucks cafes.
Looking ahead, Wall Street is preparing for key earnings reports this week, including Home Depot’s results before Tuesday’s opening bell.
On the economic front, investors will be closely watching the latest U.S. consumer confidence report, as well as Friday’s release of January’s personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge.
