Advanced Micro Devices IncAMD shed 7% after a narrow earnings beat.
Dow and S&P 500 futures pointed higher on Wednesday, extending a record-setting run after the Dow surged more than 900 points and the S&P 500 crossed 7,700 for the first time ever in the prior session. Dow futures climbed 172 points, or 0.3%, while S&P 500 futures gained 0.4% and Nasdaq-100 futures were flat. Tuesday's broad gains were driven by solid corporate earnings and Treasury Secretary Scott Bessent's comments suggesting a potential deal to reopen the Strait of Hormuz, which also sent oil lower before a partial recovery on Wednesday. In premarket action, SpaceX shares slumped 11% after its first quarterly earnings release since its June IPO revealed a sixfold surge in capital spending to $18.4 billion, while AMD shed 7% after a narrow earnings beat and Elon Musk's announcement that SpaceX would use chips exclusively from Nvidia. Disney shares jumped more than 3% after topping fiscal third-quarter estimates, and the session also brought ADP jobs data and earnings from Uber and SanDisk.
Advanced Micro Devices IncAMD shed 7% after a narrow earnings beat.
NVIDIA CorporationElon Musk announced SpaceX will use chips exclusively from Nvidia, boosting demand.
Space Exploration Technologies Corp. Class A Common StockSpaceX shares slumped 11% after first earnings revealed sixfold surge in capital spending to $18.4B.
Walt Disney CompanyDisney shares jumped more than 3% after topping fiscal third-quarter estimates.
Dow Inc
Sandisk Corp
Uber Technologies Inc