US Futures Edge Higher
US stock futures were mostly higher on Wednesday, with S&P 500 futures rising 0.2% and Nasdaq 100 futures gaining 0.7%, while Dow Jones futures added around 30 points, as investors focused on a fresh batch of corporate earnings. SpaceX reported a sharp increase in third-quarter revenue, while Elon Musk floated the possibility of a merger with Tesla. The news helped ease concerns about the sustainability of the global investment boom in AI. SpaceX shares surged more than 8% in premarket trading, while Tesla gained 1.4% ahead of its earnings report due after the closing bell. Super Micro Computer soared nearly 12% after posting upbeat results. On the downside, Netflix tumbled 6.5% following a disappointing forecast, while AT&T fell 4.1% despite beating earnings expectations. Philip Morris declined 2.5% as its guidance failed to impress investors. Meta, which was also scheduled to report results later in the day, slipped around 0.6%.
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US stock futures were mostly higher on Wednesday, with S&P 500 futures rising 0.2% and Nasdaq 100 futures gaining 0.7%, while Dow Jones futures added around 30 points, as investors focused on a fresh batch of corporate earnings. SpaceX reported a sharp increase in third-quarter revenue, while Elon Musk floated the possibility of a merger with Tesla. The news helped ease concerns about the sustainability of the global investment boom in AI. SpaceX shares surged more than 8% in premarket trading, while Tesla gained 1.4% ahead of its earnings report due after the closing bell.
Super Micro Computer soared nearly 12% after posting upbeat results. On the downside, Netflix tumbled 6.5% following a disappointing forecast, while AT&T fell 4.1% despite beating earnings expectations. Philip Morris declined 2.5% as its guidance failed to impress investors. Meta, which was also scheduled to report results later in the day, slipped around 0.6%.