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