Futures linked to the S&P 500 rose Thursday as the benchmark looks to rebound following three straight losing sessions. Strong earnings from Tesla and others led the gains.
Futures for the Dow Jones Industrials removed 37 points, or 0.1%, to 42.701.
Futures for the much broader index moved forward 29 points, or 0.5% to 5,866.75.
Futures for the NASDAQ Composite Index 188.25 points, or 0.9%, to 20,408.75.
Tesla surged 10% after the electric vehicle manufacturer posted third-quarter results that beat analyst expectations. Whirlpool gained 3.5% and Lam Research was also higher, 5.9% on the back of better-than-expected earnings.
Weighing on Dow futures was International Business Machines, which fell more than 2% as consulting revenue narrowly missed analysts’ estimates.
More than 27% of the S&P 500 has reported third-quarter numbers thus far. Of those companies, 76% have beaten analyst expectations.
Stocks are coming off a losing session, with the Dow suffering its biggest one-day loss since early December, losing more than 400 points. The S&P 500 shed nearly 1%, and the NASDAQ lost 1.6%. Those moves come as Treasury yields rise.
In Japan, the Nikkei 225 gained 0.1% Thursday, while in Hong Kong, the Hang Seng plunged 1.3%.
Oil prices slumped 53 to $71.30 U.S. a barrel.
Gold prices jumped $19.70 to $2,749.10.
