Futures Flourish as Investors Pore Over Newest Results

Stock futures were surging on Wednesday, as investors parse through another slate of quarterly results halfway through the corporate earnings season.

Futures for the Dow Jones Industrials index climbed 42 points, or 0.1%, to 38,655.

Futures for the S&P 500 added 13.25 points, or 0.3%, at 4,988.

Futures for the NASDAQ surged 70.75 points, or 0.4%, to 17,730.75.

Investors will now turn their attention to a fresh batch of quarterly results. Uber slipped 1% before the bell even after topping Wall Street’s expectations, while Yum Brands slumped 1.3% after falling short of analyst estimates.

Tuesday’s results marked the halfway point of the fourth-quarter earnings season.

Shares of Snap tumbled more than 31% after the social media company missed analyst revenue estimates and provided weak forecast.

Automaker Ford gained nearly 6% after beating Wall Street’s fourth-quarter estimates and issuing higher-than-expected full-year guidance. Ford also announced plans to issue a special dividend.

A strong earnings season, coupled with expectations for an interest rate cut by the Federal Reserve, has been a source of strength on Wall Street.

In Japan, the Nikkei 225 dipped 0.1% Wednesday, while in Hong Kong, the Hang Seng Index lost 0.3%.

Oil prices acquired 59 cents to $73.90 U.S. a barrel.

Gold prices slid $2.70 to $2,048.70 U.S. an ounce.