U.S. stock index futures were little changed Wednesday, after the S&P 500 on Tuesday posted its fifth straight winning session as strong earnings numbers lift sentiment.
Futures for the Dow Jones Industrials backed off 16 points, or 0.1%, to 35,307.
Futures for the S&P 500 dipped 1.75 points to 4,509.50.
Futures for the NASDAQ Composite Index gained 7.25 points, or 0.1%, to 15,405.75.
Netflix posted its hotly-anticipated third-quarter earnings report on Tuesday after the market closed, with the streaming giant adding 4.4 million subscribers during the period. Wall Street analysts were expecting 3.84 million additions. However, the shares, which are up 20% in the last three months, were down 2% in premarket trading.
Deutsche Bank downgraded Netflix after the report, saying its stock valuation was hard to justify with revenue growth set to slow next year. The firm also said strong fourth quarter subscriber additions are already baked into the stock.
United Airlines also posted quarterly results after the bell on Tuesday, with the company beating analyst expectations on the top and bottom line amid an ongoing rebound in travel demand. United shares were higher by about 2% in premarket trading.
Biogen shares rose 2% in early morning trading after reporting its quarterly results. The company beat analyst estimates on earnings and revenue and raised its full year guidance.
Ford shares up 2% in premarket trading after Credit Suisse upgraded the auto company on its EV shift and predicted a 30% rally in the stock.
More than 70 S&P 500 components report earnings this week. Verizon will report earnings before the opening bell Wednesday. IBM, Tesla, CSX and Las Vegas Sands are among the names set to report after the market closes.
Overseas, in Japan, the Nikkei 225 inched forward 0.1% Wednesday, while in Hong Kong, the Hang Seng leaping 1.4%.
Oil prices faded 81 cents to $82.15 U.S. a barrel.
Gold prices jumped $14.40 to $1,784.90 U.S. an ounce.