By Oliver Gray
Investing.com - U.S. stock futures traded slightly higher in early APAC deals on Thursday, as major benchmark indices finished the regular session lower amid a slew of third quarter corporate earnings results.
During regular deals on Wednesday, the Dow Jones Industrial Average lost 266.19 points or 0.74% to 35490.7. the S&P 500 slipped 23.13 points or 0.51% to 4551.67 declining for the first time in three consecutive sessions as optimism on the stronger than expected earnings season started to ease. The NASDAQ Composite closed flat at 15235.84.
Dow Jones 30 Futures rose 0.13%. S&P 500 futures added 0.17% and Nasdaq 100 futures traded 0.21% higher.
Among stocks, Microsoft (NASDAQ:MSFT) shares closed 4.21% higher after the tech company reported better than expected earnings and the fastest revenue growth since 2018. Google-parent Alphabet (NASDAQ:GOOGL) also popped 4.96% following a stronger-than-expected quarterly report. Visa Inc (NYSE:V) slipped 6.92% after the company issued a conservative revenue outlook. Robinhood (NASDAQ:HOOD) lost 10.4% the day after the trading app reported weaker than expected revenue. Twitter (NYSE:TWTR) also fell 10.78% on concerns about expense guidance, despite strong earnings.
In extended deals, Ford Motor (NYSE:F) popped 9.28% after earnings results nearly doubled analysts’ expectations, while eBay (NASDAQ:EBAY) dipped 6% after the company reported quarterly results and issued weak fourth-quarter revenue guidance, while Twilio Inc (NYSE:TWLO) plummeted 13.21% as the company projected a fourth-quarter loss, despite earnings and revenue beating expectations.
On the bond markets, United States 10-Year yields were at 1.55%.