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U.S. Stock Futures Slip as Dow Climbs on Strong Earnings, CPI Data in Focus

U.S. Stock Futures Slip as Dow Climbs on Strong Earnings, CPI Data in Focus. Source: Carlos Delgado, CC BY-SA 3.0, via Wikimedia Commons

U.S. stock futures edged lower on Tuesday evening following a mixed Wall Street session, where strong corporate earnings boosted the Dow Jones Industrial Average while weakness in technology shares dragged down the Nasdaq. By 20:28 ET (00:28 GMT), S&P 500 Futures were down 0.1% to 6,768.50, Nasdaq 100 Futures slipped 0.2% to 25,232.75, and Dow Jones Futures dipped 0.1% to 47,112.0 points.

During Tuesday’s regular session, the Dow rose 0.5%, touching a record high as upbeat quarterly results from General Motors (NYSE:GM), 3M (NYSE:MMM), and GE Aerospace (NYSE:GE) fueled optimism. The S&P 500 ended flat, while the Nasdaq Composite declined 0.2% amid pressure on tech and growth stocks. GM shares surged nearly 15% after raising its full-year outlook, citing resilient consumer demand. GE Aerospace advanced on stronger-than-expected results and an upgraded forecast, and 3M gained about 8% after improving its profit guidance. Meanwhile, Coca-Cola (NYSE:KO) climbed over 4% on solid third-quarter demand and revenue growth.

Investors are now looking ahead to Friday’s U.S. Consumer Price Index (CPI) data, which could influence expectations for a potential Federal Reserve interest rate cut in October. However, the ongoing partial federal government shutdown, now in its fourth week, is disrupting key economic data releases and adding uncertainty to inflation forecasts.

In after-hours trading, Netflix (NASDAQ:NFLX) tumbled more than 6% following disappointing earnings and a tax dispute in Brazil, while Mattel (NASDAQ:MAT) slid 5% after missing estimates due to weak North American sales. Market attention now shifts to major upcoming reports from Tesla (NASDAQ:TSLA) on Wednesday, followed by Intel (NASDAQ:INTC), Amazon (NASDAQ:AMZN), and other corporate giants later in the week.

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