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Futures: Dow down 0.09%, S&P 500 up 0.36%, Nasdaq up 0.67%

Oct 24 (Reuters) - Futures tracking the S&P 500 and the

Nasdaq 100 rose on Thursday as an upbeat forecast from Tesla

kicked off megacap earnings on a positive note, following

declines in major indexes in the previous session.

Shares of the electric vehicle maker soared nearly 11% in

premarket trading after it reported robust third-quarter profits

and surprised investors with a prediction of 20-30% growth in

sales next year.

Tesla was the first of the so-called Magnificent Seven group

of megacap stocks to report, with results from several of the

cohort awaited next week.

The other six also rose, with Nvidia ( NVDA ) jumping 1.3%,

Amazon.com ( AMZN ) up 0.6% and Meta Platforms ( META ) gaining

0.9% after steep declines in the prior session.

At 4:55 a.m. ET, Dow E-minis were down 39 points,

or 0.09%, U.S. S&P 500 E-minis were up 21.25 points, or

0.36% and Nasdaq 100 E-minis were up 135.75 points, or

0.67%.

Wall Street had sold off on Wednesday, with the benchmark

S&P 500 notching its third straight decline and the Nasdaq

seeing its worst day since early September.

Stocks have eased from record levels over the past few

sessions due to a reassessment of bets on the Federal Reserve's

rate cuts, rising Treasury yields, corporate earnings and

uncertainty over the upcoming U.S. elections.

"Price action speaks to a market that was overly rich and

well-owned, and as the cracks started to emerge the signal was

there for others to follow," said Chris Weston, head of research

at Pepperstone.

Moves were likely exacerbated as traders moved to hedge

their losses, Weston added.

The yield on the benchmark 10-year Treasury eased slightly

on the day, but was still trading around its highest since late

July.

Shares of Boeing ( BA ) dropped 3% after factory workers

voted on Wednesday to reject a contract offer and continue a

more than five-week strike that has seen the company's losses

soar.

International Business Machines ( IBM ) lost 4.3% after

missing estimates for third-quarter revenue, while gold producer

Newmont ( NEM ) dropped 5.4% as higher costs and weaker Nevada

output saw it miss profit estimates.

The third-quarter earnings season continues apace, with

United Parcel Service ( UPS ), Southwest Airlines ( LUV ) and

Keurig Dr Pepper ( KDP ) among those reporting before the bell.

S&P Global flash PMIs and weekly jobless claims data are due

on the day, while the Cleveland Fed's Beth Hammack is scheduled

to speak.

(Reporting by Lisa Mattackal in Bengaluru; Editing by Saumyadeb

Chakrabarty)