By Oliver Gray
Investing.com - US futures remained flat in overnight trade on Wednesday, following solid gains during regular trade, with strong corporate earnings boosting sentiment as investors weighed higher inflation and prospects of slower growth due to the continued spread the coronavirus Delta variant.
On Wednesday, the Dow Jones Industrial Average gained 0.83%, while the S&P 500 climbed 0.82%. The NASDAQ Composite rose 0.92% as second quarter earnings season continued, with 88% of companies reporting higher earnings than expected this week.
Coca-Cola Co (NYSE:KO) gained 1.29% after raising its full-year forecast, while Chipotle Mexican Grill Inc (NYSE:CMG) surged 11.54% as earnings soared due to higher customer prices offset rising costs.
Meantime, Netflix Inc (NASDAQ:NFLX) dropped 3.28% after reporting slower subscriber growth, while Texas Instruments Incorporated (NASDAQ:TXN) dipped 4.63% after hours as current-quarter revenue came in slightly below estimates, sparking concerns that supply constraints including chip shortages may affect sales.
Local 10-year Treasury bond yields bounced back to 1.293% after touching 5-month lows of 1.129% earlier this week.
Investors are also focusing on weekly jobless claims due to be released later in the session for further clues on the US post-pandemic recovery.