Stock Futures Dip as Investors Analyze Earnings and Trade News: Live Updates Inside!

Stock futures dipped a bit on Wednesday night as investors processed quarterly earnings reports. Futures for the Dow Jones Industrial Average fell by 87 points—or nearly 0.2%. Meanwhile, S&P and Nasdaq 100 futures remained mostly flat.

After the market closed, several companies released their third-quarter earnings. Notable names included Tesla, IBM, Moderna, and Lam Research. Tesla, starting the run of earnings from the “Magnificent Seven” top tech firms, saw its shares drop by 3% despite mixed results. IBM’s stock fell about 6%, even after surpassing Wall Street estimates; the software revenue came in as expected.

Investors are closely watching these earnings, as many believe they could significantly shape the future of the current bull market. So far, over 75% of the S&P 500 companies that reported have exceeded profit expectations.

Trade relations are also in the spotlight. President Trump announced that his meeting with Chinese President Xi Jinping is “scheduled,” helping to ease some anxiety around U.S.-China relations, which recently weighed down the markets.

In the previous session, the S&P 500 fell roughly 0.5%, while the Dow lost about 334 points. The tech-heavy Nasdaq Composite dropped nearly 0.9% as investors shifted away from riskier assets. These declines followed comments from Treasury Secretary Scott Bessent, who mentioned plans to restrict U.S. software exports to China—proposals that build on Trump’s earlier statements about imposing export restrictions by November 1.

Chris Grisanti, chief market strategist at MAI Capital Management, suggested that traders might consider shifting away from their recent winners to lock in some profits. He recommends investing in less expensive market sectors like healthcare. Grisanti noted, “Valuations are the second-highest they’ve been in a hundred years.” He also drew parallels between today’s market and the dot-com boom of the late 1990s, warning that current trends could resemble that turbulent time.

Looking ahead, inflation data scheduled for release on Friday could provide insights into the economy’s health and inform the Federal Reserve’s late October meeting. Analysts anticipate that the central bankers will likely reduce rates by another quarter percentage point. CFRA’s chief investment strategist, Sam Stovall, feels that upcoming reports will not prevent the Fed from making cuts, especially considering weak employment data from August.

As the market shifts, keeping an eye on these developments will be crucial for understanding the broader economic landscape.



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