Dow futures steady as Netflix, Tesla report

  • Investing.com
  • Stock Market News
Dow futures steady as Netflix, Tesla report
Credit: © Reuters.

Investing.com - US stock futures were trading in a tight range during Wednesday's evening deals, after major benchmark averages declined significantly throughout regular trading as Treasury bond yields surged to fresh 16-year highs.

By 6:30pm ET (10:30pm GMT) Dow Jones Futures and S&P 500 Futures were flat while Nasdaq 100 Futures ticked up 0.1%
Tesla earnings are here!

In extended deals, Tesla (NASDAQ: TSLA ) lifted 1%, reporting Q3 EPS of $0.66 versus $0.73, while revenues came in at $23.4 billion versus $24.32 billion expected. The company also announced a delivery event for the Cybertruck on a November 30th.

Netflix (NASDAQ: NFLX ) popped 13% after the company reported Q3 EPS of $3.73 versus $3.49 expected, with revenues reported at $8.54 billion versus $8.54 billion expected. Meanwhile, subscribers lifted by 8.76 million versus 6.2 million expected.

Equifax (NYSE: EFX ) dropped 7% after reporting Q3 EPS of $1.76 versus $1.79 expected, with revenue coming in at $1.32 billion versus $1.33 billion expected.

Lam Research (NASDAQ: LRCX ) fell 4%, reporting Q1 EPS of $6.85 versus $6.07 expected. Revenue came in at $3.48 billion versus $3.41 billion expected.

Ahead in Thursday's trade, market participants will be watching for jobless claims data, the Philadelphia Fed manufacturing index , existing home sales , as well as speeches from Jefferson , Powell , Goolsbee , Barr , Bostic , Harker and Logan .

Among earnings, companies including Taiwan Semiconductor Manufacturing (NYSE: TSM ), Philip Morris International Inc (NYSE: PM ), Union Pacific Corporation (NYSE: UNP ), Blackstone Inc (NYSE: BX ), AT&T Inc (NYSE: T ) and American Airlines Group (NASDAQ: AAL ) are expected to release quarterly results.

Stay ahead of the curve this earnings season with InvestingPro.

During Wednesday’s regular trade , the Dow Jones Industrial Average fell 332.6 points or 1% to 33,665.1, the S&P 500 lost 58.6 points or 1.3% to 4,314.6 and the NASDAQ Composite dipped 219.4 points or 1.6% to 13,314.3.

On the bond markets, United States 10-Year rates were at fresh 16-year highs of 4.911%.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles