Dow futures tick lower, Cal-Maine foods tanks 11.8% after earnings By Investing.com

Investing.com – US stock futures extended declines during Tuesday’s evening deals, following significant losses among major benchmark averages as investors retreated after stronger than expected data boosted expectations for further interest rate increases.

By 6:30pm ET (10:30pm GMT) , and were each down 0.1%.

In extended deals, Cal-Maine Foods (NASDAQ:) shed 11.8% after the company Q1 EPS of $0.02 versus $0.33 expected, while revenues were reported at $459.3 million versus $473.37 million expected.

Ahead in Wednesday’s trade, investors will be looking toward data, and services PMIs, and a speech from .

Among earnings, companies including Tesco (LON:) PLC (OTC:), RPM International Inc (NYSE:), Acuity Brands Inc (NYSE:) and Accolade Inc (NASDAQ:) are expected to report quarterly results.

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During Tuesday’s regular trade, the lost 431 points or 1.3% to 33,002.4, the shed 58.9 points or 1.4% to 4,229.5 and the dropped 248.3 points or 1.9% to 13,059.3

On the bond markets, rates lifted to fresh 16-year highs of 4.801%.