Traders work on the New York Stock Exchange trading floor during afternoon trading on April 9, 2024.
Michael M. Santiago | Michael M. SantiagoGetty Images
Dow Jones Industrial Average Futures The blue-chip index was essentially flat on Tuesday night after posting its longest winning streak since December.
Futures tied to a 30-stock average fell 15 points, just below the flat line. S&P 500 Index Futures and Nasdaq 100 Futures The two are also trading at near par.
In after-hours trading, Lyft and Wynn Resorts The company’s shares rose more than 6% and 1% respectively due to stronger-than-expected quarterly results. Reddit Shares soared more than 13% after it released its first profit report as a public company.
The moves come after a quiet and mixed day on Wall Street.this Dow Chemical It gained nearly 0.1% and notched its fifth session of gains, marking its longest winning streak since December.this S&P 500 Index also edged up about 0.1%, while Nasdaq Index down 0.1%.
this 10-Year U.S. Treasury Bond Yield The intraday decline provided upward momentum for the stock market. But the market was hampered by a drop of more than 9% in 2019. disney Shares fell after the entertainment giant missed Wall Street revenue estimates and provided soft guidance.
“The stock market will celebrate any decline in yields, and you’ve seen that over the past few days,” Adam Crisafulli, founder of Vital Knowledge, said on CNBC’s “The Closing Bell: Overtime.” “But ultimately, if economic growth further eases “If it slows down, there will be a disconnect between Treasuries and stocks, with Treasuries continuing to rise and stocks rising slightly.”
Entering Wednesday, profit remains the biggest concern for investors Uber and Shopping Results are expected before the bell.After-hours reporters reported the technical name Airbnb, Instant shopping cart and Bumbleapart from so-called meme stocks aviation medical center.
Nearly 85% of S&P 500 companies have reported quarterly results this earnings season. About 80% of those results beat Wall Street expectations, according to FactSet.
Traders will also be watching economic data on wholesale inventories released Wednesday morning. Fed officials including Vice Chairman Philip Jefferson, Boston Fed President Susan Collins and Fed Governor Lisa Cook are expected to speak throughout the day.
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