Traders Digest Corporate Earnings as US Equity Futures Gain Pre-Bell

MT Newswires Live
Aug 06

US equity futures posted narrow gains ahead of Wednesday's opening bell as investors continued to monitor the current earnings season in a light day for economic data.

Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.4% at $68.55 per barrel and US West Texas Intermediate crude 1.4% higher at $66.09 per barrel.

The Energy Information Administration's weekly petroleum status report is scheduled for release at 10:30 am ET.

In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.03% higher, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was little changed in Europe's early afternoon session.

In equities, McDonald's (MCD) shares were 3% higher pre-bell after the company reported higher Q2 adjusted earnings and revenue. Flywire (FLYW) stock was up 19%, a day after the company reported improved Q2 financial results. Grocery Outlet (GO) shares were 20% higher after the company reported late Tuesday higher fiscal Q2 sales and raised its fiscal 2025 adjusted earnings outlook.

On the losing side, Walt Disney (DIS) shares were 1.8% lower after the company posted stronger fiscal Q3 financial results and raised its 2025 earnings outlook. Super Micro Computer (SMCI) stock was down nearly 17% after the company reported late Tuesday fiscal Q4 results that trailed analysts' estimates.

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