Futures Muted Mid-Week Wednesday



Stock futures were flat Wednesday after the Dow Jones Industrial Average clinched its longest winning streak since December.

Futures for the 30-stock index sifted off 14 points to 39,013.

Futures for the S&P 500 fell 8.25 points, or 0.1%, at 5,205.50.

Futures for the NASDAQ Composite dumped 33.75 points, or 0.2%, to 18,165.75.

Lyft climbed 5% and Wynn Resorts added 2% on the back of stronger-than-expected quarterly results. Reddit surged more than 14% in the pre-market following its first earnings report as a public company.

Those moves follow a muted and mixed day on Wall Street. The Dow ticked higher by nearly 0.1% and posted its fifth positive session, which marks its longest winning run going back to December. The S&P 500 also inched up by about 0.1%, while the NASDAQ Composite slipped 0.1%.

Earnings remain top of mind for investors heading into Wednesday, with Uber and Shopify slated to post results before the bell. After-the-bell reporters include technology names Airbnb, Instacart and Bumble, in addition to so-called meme stock AMC.

Nearly 85% of S&P 500 corporations have already shared quarterly results this earnings season. Of those, approximately 80% have surpassed Wall Street expectations.

In Japan, the Nikkei 225 collapsed 1.6%, while in Hong Kong, the Hang Seng Index backed off 0.9%.

Oil prices faded 76 cents to $77.62 U.S. a barrel.

Gold prices handed over a dollar to $2,323.20 U.S. an ounce.

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