S&P 500 futures are little changed after index posts three straight losing days: Live updates

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Traders enactment connected the level astatine the New York Stock Exchange (NYSE) successful New York City, U.S., October 23, 2024.

Brendan McDermid | Reuters

Futures linked to the S&P 500 traded adjacent the flatline Wednesday nighttime aft the scale notched a three-day tally of losses.

S&P 500 futures added 0.1%, portion Nasdaq 100 futures roseate 0.3%. Dow futures slid 65 points, oregon astir 0.2%

In after-hours trading, Tesla surged 11% aft the electrical conveyance shaper bushed the Street's nett expectations successful the 3rd quarter. Tech elephantine International Business Machines fell astir 3% arsenic consulting revenue narrowly missed analysts' estimates.

The Dow ended Wednesday's league with its biggest one-day nonaccomplishment since aboriginal September, dropping much than 400 points, oregon 0.96%. The S&P 500 slipped 0.92%, and the Nasdaq Composite fell 1.6%. It was the 3rd consecutive losing time for the Dow and the S&P 500.

Wednesday marked the 3rd consecutive time of losses for some the Dow and the S&P 500. The 10-year Treasury output has been marching higher this week, topping the 4.25% threshold connected Wednesday astatine the precocious of the session. The run-up successful yields has kept stocks nether unit arsenic of late.

Paul Hickey, the co-founder of Bespoke Investing Group, said that helium wouldn't work excessively overmuch into the caller sell-off successful stocks.

"It's a unsmooth time today, but you conscionable person to enactment it successful the position of what we've seen implicit the past six weeks. Part of this rally has been driven by the information that net results — to commencement with, the large banks — were precise strong, and their banal terms reactions were besides positive," helium said connected CNBC's "Closing Bell: Overtime" connected Wednesday afternoon. "It's a unsmooth day, but these days happen."

Hickey cautioned that the marketplace mightiness acquisition a flimsy pullback aft November's U.S. statesmanlike election. Still, helium reassured that the marketplace would find its footing aft the matter.

"You could beryllium acceptable up for the signifier of disappointment erstwhile the predetermination comes and [see a] merchantability the quality reaction. But I don't deliberation it's going to beryllium thing excessively bad. The wide marketplace backdrop is precise bully successful presumption of breadth, earnings, the economy, and the Fed is astatine the market's back," helium said.

More net results are expected connected Thursday. United Parcel Service, Honeywell, Northrop Grumman, Southwest Airlines and American Airlines are among the companies acceptable to study earlier the marketplace opens.

Stocks making the biggest moves aft the bell: Tesla, IBM and more

These are the stocks moving the astir successful after-hours trading:

  • Tesla — Shares leapt 9%. The electrical conveyance manufacturer reported third-quarter adjusted net of 72 cents per share, beating Wall Street's estimates of 58 cents, per LSEG.
  • International Business Machines — The tech elephantine fell 3% connected Wednesday aft reporting mixed third-quarter results.
  • T-Mobile U.S. — The telecommunications elephantine roseate astir 3% aft posting a third-quarter net astonishment to the upside.

Read the afloat database of stocks moving here.

— Lisa Kailai Han

S&P 500 futures, Nasdaq 100 futures unfastened modestly higher

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