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U.S. Futures Steady at Record Highs

Published 13/08/2021, 10:18 am
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By Oliver Gray

Investing.com - U.S. stock futures were little changed in early APAC deals on Friday, following fresh record closes in the previous session as market participant evaluated local data amid continued strong corporate earnings reports, with about 88% of companies beating estimates from Wall Street analysts, according to Refinitiv data.

In regular trade on Thursday, the Dow Jones Industrial Average rose 14.88 points, or 0.04%, to 35499.86, the S&P 500 gained 13.16 points, or 0.3%, to 4460.85 and the Nasdaq Composite added 51.13 points, or 0.35%, to 14816.26.

Among stocks, Walt Disney Company (NYSE:DIS) lifted 5.69% after-hours reported blowout earnings for Q3, while DoorDash Inc (NYSE:DASH) lost 5.19% as earnings came in below expectations. Airbnb (NASDAQ:ABNB) also dipped 3% after issuing a warning about volatility due to the Covid delta variant.

Among data, initial jobless claims came in at 375,000 as expected, declining for the 3rd straight week. Meanwhile, producer prices increased 7.8% from a year earlier in July, coming in above market expectations and lifting from a 7.3% rise in the previous month, posting the highest annual rate since the series began in November 2010.

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