By Oliver Gray
Investing.com - U.S. stock futures gained in early APAC trades on Friday, with major benchmark indices rebounding from a 2-day sell-off as Wednesday’s 31-year high inflation reading suggested the current spike in prices will take longer to cool amid snarled global supply chains.
During Thursday’s regular session, the Dow Jones Industrial Average shed 158.71 points, or 0.44% to 35,921.24. The S&P 500 added 2.56 points or 0.06% to 4649.26 and the tech-heavy NASDAQ Composite gained 81.58 points or 0.52% to 15,704.28.
Dow Jones 30 Futures added 0.1%, S&P 500 Futures were up 0.09% and Nasdaq 100 Futures gained 0.11%.
Among stocks, Tesla Inc (NASDAQ:TSLA) fell 0.42% during the regular session, after plunging from record highs earlier this week as Elon Musk sold $US5 billion worth of shares. Walt Disney Company (NYSE:DIS) also dipped 7.07% after reporting disappointing earnings results earlier in the week. In extended deals, Luminar Technologies (NASDAQ:LAZR) dipped 1.2% as third-quarter revenue results came in short of expectations. Blink Charging Co (NASDAQ:BLNK) gained 5.46% after announced greater than expected revenue growth in the third quarter. WM Technology Inc (NASDAQ:MAPS) plunged 12.58% after third-quarter results missed top and bottom line expectations.
The U.S. bond market was closed Thursday for Veterans Day.