Dow Futures Ease After Major Indices Bounce Back

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© Reuters.

By Oliver Gray – U.S. stock index futures were slightly lower during Tuesday’s evening deals after the major averages bounced back in regular trading hours, with market participants attempting to buy the dip following weeks of selling.

By 6:40pm ET (10:40pm GMT) fell 0.1% while and were down 0.2% apiece.

In extended deals, La-Z-Boy Incorporated (NYSE:) popped 11% as the company’s Q4 results. EPS came in at $1.07, above consensus estimates of $0.92, while revenue came in at $684.6 million versus $664 million expected.

Ahead in the session, Federal Reserve Chair Jerome Powell is set to before Congress in the first of two sessions, while KB Home (NYSE:) is set to post earnings results after the market closes.

During Tuesday’s regular trade, the surged 641 points or 2.15%, the   gained 2.45% to 3,764.8 and the lifted 2.51% to 11,069.3.

Energy companies led the gains following a lift in prices, with Diamondback Energy Inc (NASDAQ:) up 8.2%, Exxon Mobil Corp (NYSE:) gaining 6.2% and ConocoPhillips (NYSE:) lifting 5.9%.

 Heavyweight tech companies also surged, with Alphabet Inc (NASDAQ:) up 4.1%, Microsoft Corporation (NASDAQ:) lifting 2.5% and Apple Inc (NASDAQ:) gaining 3.3%.

On the bond markets, rates were at 3.279%.