Dow Futures Ease After Major Indices Extend Rally, Tesla Reports

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By Oliver Gray – U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

at 7:05pm ET (11:05pm GMT) and were down 0.3% while fell 0.4%.

In extended deals, Tesla Inc (NASDAQ:) added 1.7% after Q2 EPS of $2.27 versus expectations of $1.86 on revenue of $16.93 billion versus $16.52 billion.

United Airlines Holdings Inc (NASDAQ:) fell 7.1% after the company Q2 EPS of $1.43 $1.86, while revenues came in at $12.11 billion versus the consensus estimate of $12.06 billion.

Alcoa Corp (NYSE:) gained 6.4% after Q2 EPS of $2.67, beating estimate of $2.57 while revenue was at $3.64 billion versus estimates of $3.56 billion.

CSX Corporation (NASDAQ:) gained 4.2% after Q2 EPS of $0.54 versus $0.47 expected, while revenue for the quarter came in at $3.82 billion versus $3.65 billion expected.

On Thursday, AT&T Inc (NYSE:), Blackstone Group Inc (NYSE:) and American Airlines Group (NASDAQ:) are two of several major companies set to report results before the opening bell. Investors will also be looking toward se to be released later in the session.

During Wednesday’s deals, the added 184.5 points or 1.6% to 31,874.9, the gained 23.2 points or 0.6% to 3,959.9 and the gained 184.5 points or 1.6% to 11,897.7.

On the bond markets, yields were at 3.03%.