US Futures Steady as Markets Await Tesla and Netflix Earnings Impact
US futures showed modest gains on Wednesday, with the Dow Jones and S&P 500 edging higher while the Nasdaq 100 dipped slightly. Investors balanced Optimism from strong blue-chip earnings against caution ahead of key tech reports. The Dow's record close above 47,000, fueled by Coca-Cola and General Motors, contrasted with Netflix's post-earnings slump.
Netflix shares tumbled over 6% premarket after missing revenue and profit forecasts. The streaming giant reported $11.51 billion in revenue and $5.87 EPS, below projections, citing a one-time tax expense in Brazil. Despite maintaining upbeat guidance, the earnings miss cooled broader market momentum.
Commodities paused their rally as fresh uncertainty emerged around US-China trade talks. Attention now turns to Tesla's quarterly report, which could sway tech sentiment. The split market reaction reflects ongoing tension between cyclical strength and tech valuation concerns.
