(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures: Dow down 0.02%, S&P up 0.11%, Nasdaq up 0.47%

April 24 (Reuters) - S&P 500 and Nasdaq futures gained

on Wednesday on a growth stocks boost as investors lauded upbeat

earnings from megacap Tesla and awaited economic data due later

this week for clues on the U.S. central bank's interest-rate

trajectory.

Tesla led gains across megacap stocks with a 9.9%

jump in premarket trading after the electric-vehicle maker said

it would introduce new, affordable models.

Other EV stocks also rose, with Lucid Group ( LCID ), Nikola ( NKLA )

and U.S.-listed shares of Nio up between 1.2%

and 3.7%.

Shares of other growth stocks also advanced, with Amazon.com ( AMZN )

, Microsoft ( MSFT ) and Nvidia ( NVDA ) up between 0.3%

and 1.6%.

Meanwhile, Meta Platforms ( META ) and Snap gained

1.7% and 2.1%, respectively, after the U.S. Senate passed a bill

late on Tuesday that would ban TikTok in the United States if

its owner, the Chinese tech firm ByteDance, failed to divest the

popular short video app.

Meta, Microsoft ( MSFT ) and Alphabet are scheduled to

report their quarterly results later this week.

Planemaker Boeing, defense conglomerate General

Dynamics ( GD ) and drugmaker Biogen are among others

slated to report quarterly earnings before the bell.

U.S. equities seem to have recovered from last week's slump,

when markets were roiled by the tensions in the Middle East and

re-evaluated their rate-cut expectations from the Federal

Reserve.

As the corporate earnings season gathers steam, adjusted

blended earnings are estimated to grow by 6% for the quarter on

a year-on-year basis, according to LSEG data.

"The large volume of company results this week gives

investors a lot more to focus on than purely macro events, which

is leading to the extra levels of market vitality," Sophie

Lund-Yates, lead equity analyst at Hargreaves Lansdown, said in

a note.

Traders await the Personal Consumption Expenditures (PCE)

index reading for March, the Fed's preferred inflation gauge,

due on Friday, as market participants try to ascertain if the

central bank will cut interest rates this year.

Money markets are now pricing in around 41 basis points of

cuts this year, down from about 150 bps seen at the beginning of

the year, according to LSEG data.

On the docket for the day is the durable goods data for

March, due at 8:30 a.m. ET.

At 5:30 a.m. ET, Dow e-minis were down 7 points, or

0.02%, S&P 500 e-minis were up 5.75 points, or 0.11%,

and Nasdaq 100 e-minis were up 83.5 points, or 0.47%.

Among other stocks, Visa added 2.8% in premarket

trading after the payments processing giant's second-quarter

results sailed past Wall Street estimates, as consumers shrugged

off worries of a slowing economy.

Texas Instruments ( TXN ) climbed 7.3% after the chipmaker

forecast second-quarter revenue above analysts' estimates,

signaling an uptick in demand for its analog semiconductors.

Mirroring the gains, chip stocks such as Arm Holdings

, Micron Technology ( MU ) and Advanced Micro Devices ( AMD )

also rose between 1.4% and 3.6%.