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U.S. stock futures indicate a positive opening on Wednesday, buoyed by strong earnings reports from Netflix, Inc. (NASDAQ:NFLX) and semiconductor equipment maker ASML Holding N.V. (NASDAQ:ASML). Investors are eagerly awaiting Tesla, Inc.‘s (NASDAQ:TSLA) fourth-quarter results, which are expected to take center stage. Additionally, private sector activity data is set to be released shortly after the market opens.
Wednesday’s announcement of a stimulatory measure by the Chinese central bank has the potential to extend the strength of U.S.-listed Chinese stocks.
Cues From Tuesday’s Trading:
Major indices closed with mixed results. The Dow faced early pressure from negative earnings reports by 3M Co. (NYSE:MMM) and Johnson & Johnson (NYSE:JNJ), leading to a lower start. Conversely, the Nasdaq and S&P 500 indices opened positively. The Dow, however, hit the day’s low in early afternoon trading before partially recovering losses. It concluded the session lower, breaking a three-session winning streak. In contrast, the Nasdaq and S&P 500, after dipping below the unchanged line, rebounded in the afternoon, closing modestly higher.
Communication services and consumer staple stocks emerged as notable gainers during the session.
US Index Performance On Tuesday
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