U.S. stock futures were mixed on Wednesday evening after another record trading session. The positive momentum was due to optimism about potential progress in international trade agreements. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.35% and 0.09%, respectively, at 6:29 p.m. EDT, July 23, while the Dow Jones Industrial Average (DJIA) futures were down 0.25%.
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After the market close today, two of the “Magnificent Seven” mega-cap stocks, Alphabet (GOOGL) and Tesla (TSLA), released their earnings reports. Alphabet’s stock rose over 1% after the company beat Q2 earnings and revenue estimates. Meanwhile, Tesla saw volatile trading after disappointing investors with lower automotive revenue.
In the regular trading session, the S&P 500, the Dow Jones, and the Nasdaq Composite gained 0.78%, 1.14%, and 0.61%, respectively.
Looking ahead to Thursday, companies such as Honeywell (HON), American Airlines (AAL), and Intel (INTC) are slated to release results. Traders will also closely monitor weekly Jobless Claims Data, the latest reading on July’s Purchasing Managers’ Index (PMI), and June’s New Home Sales figures.