Nasdaq futures rise as SpaceX earnings lift investor confidence
georgeclerk
U.S. stock index futures were higher on Wednesday, with Nasdaq futures leading the gains as SpaceX's better-than-expected third-quarter results boosted market sentiment.
Dow futures (INDU) +0.03%, S&P 500 futures (SPX) +0.24%, and Nasdaq futures (US100:IND) +0.78%.
SpaceX (SPCX) shares +10.5% in premarket trading after the rocket launch and satellite communications company reported third-quarter earnings and revenue that exceeded Wall Street's expectations, fueled by strong growth in its artificial intelligence business.
On the economic calendar, investors will monitor the Atlanta Fed's Business Inflation Expectations report.
The 2-year Treasury yield (US2Y) rose 0.6 basis points to 4.80%, the benchmark 10-year Treasury yield (US10Y) rose 0.8 basis points to 5.12%, and the 30-year Treasury yield (US30Y) rose 0.8 basis points to 5.43%.
Among S&P 500 stocks, Super Micro Computer +12.60%, J.M. Smucker +7.33%, Ameriprise Financial +7.27%, Allegion +7.15%, and Broadridge Financial Solutions +5.33%.
Intuitive Surgical -7.74%, Netflix -6.21%, Gen Digital -5.57%, Mettler-Toledo International -5.16%, and Sysco -5.12%.
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