stock futures steady as s and p 500 ends three day decline

The S&P 500 broke its three-day losing streak, with little change in futures trading.

Futures for the S&P 500 and Nasdaq 100 increased slightly, while Dow Jones Industrial Average futures rose modestly.

Tesla's Strong Performance

This comes after a mixed day on Wall Street, where the Nasdaq Composite and S&P 500 finished in positive territory, driven by Tesla's strong performance.

Tesla had its best day in over a decade, with higher-than-expected profits and optimistic growth projections from CEO Elon Musk.

Market Reactions to Quarterly Earnings

The broader market also benefited from a decline in Treasury yields.

Several companies have reported their quarterly earnings, leading to varied market reactions.

  • L3Harris Technologies saw its shares rise
  • Dexcom's stock fell

Dow Lagging Behind

The Dow lagged behind, primarily due to drops in shares of major companies like IBM and Boeing.

All three major indexes are on track to end the week with losses, breaking a six-week winning streak.

Investors Awaiting Economic Data

Investors are awaiting upcoming economic data releases and additional earnings reports to gauge the health of the economy and make investment decisions.

After-Hours Trading

In after-hours trading, Capri Holdings experienced a significant decline after a merger was blocked, while Tapestry saw its shares rise.

Skechers reported better-than-expected earnings, leading to a jump in its stock price.

Continued Performance of L3Harris Technologies

L3Harris Technologies continued to perform well.

The interplay between corporate performance and macroeconomic factors remains a focal point for investors in the current trading environment.

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