U.S. stock futures were flat on Tuesday evening as investors welcomed a batch of better-than-expected earnings reports which eased concerns that persistent Covid cases and rising costs would hamper the recovery.
Johnson & Johnson rallied 2.34% on earnings beat while Procter & Gamble dropped 1.81% after announcing it will raise prices due to supply chain issues.
Netflix also fell 1% during extended trading despite reporting earnings and subscriber growth, while United Airlines gained 2% in after hours on travel rebound.
Companies slated to report Q3 results on Wednesday include Verizon, Biogen and Canadian Pacific Railway before market open, while IBM, Tesla, CSX and Las Vegas Sands will report at market close.
So far, 82% of the S&P 500 companies that have reported earnings surprised markets on the upside, according to FactSet.
Elsewhere, US-listed Chinese companies including Alibaba, Nio, Futu and Baidu made a strong run during regular session.
CONTACT US FOR:
Equity Investment Advisory - USA, Canada and India
Personal financial planning (Plan for life goals - Retirement, Children Education)
NRI Services – Investments, Tax Advisory and Returns, Will and Inheritance planning
CONTACT DETAILS: STAGROW CONSULTANCY LLC
DUBAI - UAE
+971 568709906
+971 529797513