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U.S. stock futures were up on Wednesday as traders weighed the latest round of earnings reports.
Futures for the Dow Jones Industrials strengthened 55 points, or 0.1%, early Wednesday to 52,774.
Futures for the S&P 500 added 18 points, or 0.2%, to 7,773.
Futures for the NASDAQ Composite hiked 186.50 points, or 0.6%, to 29,861.75.
Shares of Elon Musk’s SpaceX surged 7% in premarket trading after the company said its revenue grew 161% in the third quarter. Musk also said that SpaceX and Tesla, his auto manufacturer, have formed special committees to discuss a merger. Tesla, which is due to report earnings later, was up more than 1%.
Netflix shares, however, tumbled more than 6% after the streaming mainstay’s full-year revenue forecast came in below analysts’ expectations. The company also cut its ad revenue guidance for the full year.
Traders are also watching for results from IBM and Southwest Airlines, also due Wednesday.
In Japan, the Nikkei 225 tacked on 0.9% Wednesday, while in Hong Kong, the Hang Seng backed off 0.9%.
Oil prices gained 92 cents to $98.74 U.S. a barrel.
Gold prices moved ahead $14.60 to $4,157.20 U.S an ounce.
