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Futures Mostly Rise in Premarket Ahead of More Corporate Earnings; Asia, Europe Up
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Futures Mostly Rise in Premarket Ahead of More Corporate Earnings; Asia, Europe Up
Apr 24, 2024 4:39 AM

07:28 AM EDT, 04/24/2024 (MT Newswires) -- US equity futures were mostly heading north in premarket trading Wednesday as investors digest the latest batch of corporate earnings.

The S&P 500 futures edged up 0.1% and the Nasdaq added 0.6% before the opening bell, while the Dow Jones Industrial Average was slightly in the red. Asian and European exchanges were trending upwards.

Tesla's (TSLA) shares jumped about 11% pre-bell after the electric vehicle maker revealed plans to launch new models earlier than expected, softening the blow from its weaker-than-anticipated first-quarter results. Visa (V) and Texas Instruments (TXN) gained 2.9% and 7.5%, respectively, after their latest financial results topped market estimates.

Thermo Fisher Scientific (TMO), AT&T (T), Boeing (BA), Boston Scientific (BSX), General Dynamics (GD), Hilton Worldwide (HLT), Humana (HUM), Biogen (BIIB) and Hasbro (HAS) post quarterly earnings early Wednesday, among others. Facebook and Instagram parent Meta Platforms (META), International Business Machines (IBM), ServiceNow (NOW) and Ford Motor (F) disclose their financials in the afterhours.

On the economic calendar, the weekly mortgage applications bulletin is out at 7 am ET, followed by the durable goods orders for March at 8:30 am. The weekly domestic petroleum inventories report is scheduled for a 10:30 am release, while the Atlanta Fed Survey of Business Uncertainty for April is due at 11 am.

In premarket action, bitcoin decreased 0.3% to $66,347, West Texas Intermediate crude declined 0.6% to $82.89 a barrel, yields on 10-year Treasuries climbed 4.2 basis points higher to 4.64% and gold dipped 0.6% to $2,324 an ounce.

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