Stock futures rise as investors release more earnings reports

Traders on the floor of the NYSE, April 4, 2022.

Source: NYSE

Stock futures rose in overnight trading as investors pored over more quarterly reports from Tesla and United Airlines.

Dow Jones Industrial Average futures add about 80 points, or 0.2%. S&P 500 futures rose 0.4 percent and Nasdaq 100 futures gained 0.6 percent.

First-quarter reports boosted after-hours on Wednesday. Tesla jumped 6% after posting Earning better than expectedwhile United added more than 7% after it Profit forecast in 2022.

Stocks are having a mixed normal session on Wednesday. The Dow rose 280 points, or 0.8%, boosted by strong earnings from Procter & Gamble, while the tech-heavy Nasdaq Composite was dragged down 1% by Netflix. after the report of the plunge. The S&P 500 Index is flat.

Netflix stock on Wednesday posted its biggest single-day drop since 2004 after the streamer reported its first subscriber loss in more than a decade. Other streaming companies like Disney and Roku also fell, and other tech stocks were also lower.

“This continues to be a fairly fragmented market,” said Dave Grecsek, managing director of investment strategy and research at wealth management firm Aspirant. “Some of the more defensive, value-style companies are enjoying good returns. The downside is that some of the more growth-style tech names will struggle.”

Investors are awaiting quarterly reports from companies like AT&T, American Airlines and Snap on Thursday.

Weekly jobless claims are also expected Thursday morning.

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