Traders work on the floor of the New York Stock Exchange during the afternoon of April 9, 2024.
Michael M. Santiago | Getty Images
Dow Jones Industrial Average Futures It sat near a flat level Tuesday night after the blue-chip stock average posted its longest winning streak since December.
Futures contracts tied to the 30-share average lost 15 points, pulling back slightly from their flat line. Standard & Poor's 500 futures And Nasdaq 100 futures Both were also trading near the flat level.
In after-hours trading, Lyft And Wayne Resorts They added more than 6% and 1%, respectively, on the back of stronger-than-expected quarterly results. Reddit It rose more than 13% after its first earnings report as a public company.
The moves come on the heels of a silent and mixed day on Wall Street. the Dao It rose nearly 0.1% and registered its fifth positive session, which marks its longest winning streak dating back to December. the Standard & Poor's 500 It also rose by about 0.1%, while it rose Nasdaq Composite It fell 0.1%.
the 10-year US Treasury bond yield It fell during the session, providing upward momentum to the stock. But the market suffered a decline of more than 9%. Disney stocks after the entertainment giant missed Wall Street's revenue expectations and provided soft guidance.
“Stocks will celebrate any drop in yield, and you've seen that over the last few days,” Adam Crisafulli, founder of Vital Knowledge, said on CNBC's “Closing Bell: Overtime.” “But ultimately, to the extent that you see growth slowing further, there will be a decoupling between Treasuries and stocks, with Treasuries continuing to rise while stocks hold back a little bit.”
Earnings remain top of mind for investors heading into Wednesday Uber And Shopify Results are scheduled to be announced before the bell. Reporters after the bell include technology names Airbnb, Instacart And stutterin addition to the so-called stock memes Your mother.
Nearly 85% of S&P 500 companies have shared their quarterly results this earnings season. Of those, nearly 80% beat Wall Street expectations, according to FactSet.
Traders will also be watching economic data on wholesale inventories scheduled for release on Wednesday morning. Fed officials, including Fed Vice Chairman Philip Jefferson, Boston Fed President Susan Collins and Fed Governor Lisa Cook, are expected to make remarks throughout the day.
