Dow Futures Ease After Major Indices Extend Rally, Tesla Reports

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Dow Futures Ease After Major Indices Extend Rally, Tesla Reports
Credit: © Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

At 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.3%, while Nasdaq 100 Futures fell 0.4%.

In extended deals, Tesla Inc (NASDAQ: TSLA ) added 1.7% after reporting Q2 EPS of $2.27 versus expectations of $1.86 on revenue of $16.93 billion versus $16.52 billion.

United Airlines Holdings Inc (NASDAQ: UAL ) fell 7.1% after the company reported Q2 EPS of $1.43 versus consensus estimates of $1.86, while revenues came in at $12.11 billion versus $12.06 billion.

Alcoa Corp (NYSE: AA ) gained 6.4% after reporting Q2 EPS of $2.67, beating estimates of $2.57 while revenue was at $3.64 billion versus estimates of $3.56 billion.

CSX Corporation (NASDAQ: CSX ) gained 4.2% after reporting Q2 EPS of $0.54 versus $0.47 expected, while revenue for the quarter came in at $3.82 billion versus $3.65 billion expected.

On Thursday, AT&T Inc (NYSE: T ), Blackstone Group Inc (NYSE: BX ), and American Airlines Group (NASDAQ: AAL ) are three of several major companies set to report results before the opening bell. Investors will also be looking toward initial jobless claims data set to be released later in the session.

During Wednesday’s deals, the Dow Jones Industrial Average added 47.8 points or 0.2% to 31,874.8, the S&P 500 gained 23.2 points or 0.6% to 3,959.9, and the NASDAQ Composite gained 184.5 points or 1.6% to 11,897.7.

On the bond markets, United States 10-Year yields were at 3.03%.

 

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