Investing.com Report

US Stock Futures

US stock futures point mostly higher after Wednesday's declines, influenced by rising yields and falling megacap tech shares.

1. Futures Broadly Higher

US stock futures edged mostly higher on Thursday as investors digested quarterly corporate earnings and climbing Treasury yields. By 03:39 ET (07:39 GMT), the Dow futures contract was mostly unchanged, while S&P 500 futures rose 22 points (0.4%) and Nasdaq 100 futures increased by 154 points (0.8%). Recent declines in tech stocks like Nvidia and Apple impacted the Nasdaq Composite, alongside rising US Treasury yields at three-month highs. Analysts view this as a sign of expected strong economic data, leading the Federal Reserve to potentially slow interest rate cuts.

2. Tesla Shares Surge on Upbeat Earnings and Outlook

Tesla shares surged in extended trading after exceeding third-quarter profit estimates and anticipating slight delivery growth. Adjusted net income for the quarter rose by 8% to $2.5 billion, beating expectations of $2.1 billion, due to reduced operating expenses. Revenue increased by 8% to $25.2 billion. Amid past challenges, Tesla expects 20%-30% sales growth next year, driven by cost cuts and lower interest rates.

3. Boeing Workers Reject Latest Compensation Offer

Striking Boeing machinists rejected a revised contract extending labor action that pressures new CEO Kelly Ortberg's financial plans. 64% of voters turned down the offer, which proposed 35% pay raises over four years. Union leaders demand a 40% pay increase and the return of defined-benefit pensions for about 33,000 workers. Ortberg announced a need for cultural change at Boeing, which faces scrutiny over safety and posted a net loss of $6.17 billion in Q3.

4. Trump Opens Narrow Lead Over Harris – WSJ Poll

Donald Trump has gained a slight lead over Kamala Harris in the US presidential race, according to a Wall Street Journal poll. Trump leads by 2 percentage points, at 47% versus Harris's 45%. Voter perception of Trump has improved, whereas Harris’s view has declined. Trump now also leads in trust regarding economic stewardship. Support for him expands as the Nov. 5 election approaches, although the race remains tight.

5. Crude Rises

Oil prices increased on Thursday, recovering from previous losses due to concerns about possible supply impacts from escalating Middle East conflicts. By 03:39 ET, Brent crude rose 1.2% to $75.88 per barrel, and U.S. crude (WTI) climbed 1.4% to $71.76 per barrel. Israel's strikes on Syria hint at conflict expansion, with crude prices reflecting a nearly 4% increase this week, offsetting last week's losses caused by concerns over Chinese demand and regional fighting.