Wall St futures dip after Dow gains on upbeat earnings; Netflix results disappoint

Investing.com-- U.S. stock futures edged lower on Tuesday evening after Wall Street ended mixed, with strong quarterly results from major industrials lifting the Dow, while weakness in tech shares weighed on the Nasdaq.

S&P 500 Futures inched 0.1% lower to 6,768.50 points, while Nasdaq 100 Futures fell 0.2%  to 25,232.75 points by 20:28 ET (00:28 GMT). Dow Jones Futures dipped 0.1% to 47,112.0 points.

Dow gains on upbeat corporate earnings; CPI data eyed

In Tuesday’s regular session, the Dow Jones Industrial Average ended 0.5% higher after hitting a record high during the day, boosted by upbeat earnings from companies such as General Motors, 3M, and GE Aerospace.

The S&P 500 closed largely flat, while the NASDAQ Composite slipped 0.2% as some technology and growth stocks lost momentum.

General Motors (NYSE:GM) shares surged nearly 15% after the automaker raised its full-year forecast, citing resilient demand.

GE Aerospace (NYSE:GE) gained after posting stronger-than-expected quarterly results and lifting its outlook, while 3M Company (NYSE:MMM) rose around 8% after improving its profit forecast.

Coca-Cola (NYSE:KO) shares advanced over 4% after the beverage maker reported solid third-quarter demand and revenue growth.

Investors are now turning their attention to Friday’s U.S. Consumer Price Index data, which could cement expectations for a Federal Reserve interest rate cut at its October meeting. 

The shutdown of large parts of the federal government is complicating data flows and could cloud the inflation signal. The gridlock, now entering its fourth week, has delayed or paused key economic data releases, adding uncertainty.

Netflix, Mattel slip on weak results; Tesla on tap

In after-hours trading, Netflix (NASDAQ:NFLX) shares slipped more than 6% after the company posted disappointing quarterly results, citing an ongoing dispute with Brazilian tax authorities.

Mattel Inc (NASDAQ:MAT) shares dropped 5% in post-market hours, after missing estimates and reporting weaker North American sales.

Attention will now shift to a fresh slate of corporate earnings later this week, with Tesla Inc (NASDAQ:TSLA) due to report on Wednesday, followed by Intel Corporation (NASDAQ:INTC), Amazon  (NASDAQ:AMZN), and other major companies in the coming days.