Dow futures move higher, Disney lifts 2.5% after earnings
Investing.com — Stock futures rose in overnight trading on Wednesday, following modest gains among major benchmark indices, with investors monitoring incoming earnings results ahead of a key consumer price index reading that could affect the trajectory of interest rates in the future.
By 7:15pm ET (11:15pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were each up by 0.2%.
In extended deals, Walt Disney Company (NYSE:DIS) added 2.5%, reporting Q3 EPS of $1.03 versus $0.99 expected while revenues were reported at $22.33 billion versus $22.49 billion expected. The comapany also flagged a significant increase to its subscription services.
Applovin Corp (NASDAQ:APP) popped 24.2% after the company reported Q2 EPS of $0.22 versus $0.08 expected. Revenues came in at $750 million versus $723.97 million expected.
The Trade Desk (NASDAQ:TTD) fell 3.5% after reporting Q2 EPS of $0.28 versus $0.26 expected, with revenues of $464 million versus $454.71 million expected.
Sonos Inc (NASDAQ:SONO) lifted 4.6%, reporting Q3 EPS of $0.16 versus expected losses of $0.16 per share, while revenues came in at $373.4 million versus $335.91 million expected.
Ahead in Thursday's trade, investors will be closely monitoring headline inflation data, among expectations of a 3.1% rise, increasing slightly from last month's reading of 3%.
Among earnings, companies including Alibaba Group Holdings Ltd ADR (NYSE:BABA), Credicorp Ltd (NYSE:BAP), News Corp (NASDAQ:NWS) and US Foods Holding Corp (NYSE:USFD) are slated to report quarterly results.
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During Wednesday's trade, the Dow Jones Industrial Average fell 191.1 points or 0.5% to 35,123.4, the S&P 500 dipped 31.7 points or 0.7% to
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