Dow futures rise, Salesforce gains 8.9% after earnings

Investing.com - US stock futures opened higher on Wednesday evening, with all three major stock indexes poised to conclude a successful November.

By 6:15 pm ET (11:15 pm GMT) Dow futures were up by 0.3% while S&P 500 and Nasdaq 100 futures gained 0.1% apiece.

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In extended deals, Salesforce (NYSE:CRM) lifted 8.9% after the company reported EPS of $2.11 versus $2.06 expected on revenues of $8.72 billion, in line with analyst predictions. The company also provided better-than-expected fourth quarter and full-year guidance.

Snowflake (NYSE:SNOW) gained 7.3%, reporting EPS of $0.25 versus $0.16 expected, while revenues came in at $734.2 million versus $713.36 million expected.

Synopsys (NASDAQ:SNPS) added 1.4%, reporting EPS of $3.17 versus $3.04 expected. Revenues came in at $1.6 billion versus $1.58 billion expected, and the company also issued better-than-expected Q1 and FY guidance.

Five Below Inc (NASDAQ:FIVE) was up 1%, reporting EPS of $0.26 versus $0.23 expected on revenues of $736.4 million versus $727.6 million expected.

Ahead in Thursday's trade, market participants will be closely monitoring personal consumption expenditures data, a critical inflation measure for the Federal Reserve. Other releases include personal income and spending, pending home sales, Chicago PMI, as well as weekly jobless claims and a speech from the FOMC's Williams.

Among earnings, reports from companies including Big Lots (NYSE:BIG), Express, and Kroger (NYSE:KR) are also expected for release on Thursday.

Despite a relatively flat trading session on Wednesday, the Dow and the S&P 500 are merely about 0.5% and 0.8% away from their peak closing highs for the year. The tech-dominated Nasdaq Composite, despite a slight 0.16% dip during the day, is also approximately 0.7% short of its highest closing point for 2023.

The primary indexes are poised to conclude November with substantial gains, breaking a three-month losing streak. The S&P 500 has risen 8.5% in November, while the Nasdaq has seen a near 11% increase. Both indexes are on track for their best monthly performance since July 2022. The Dow has risen 7.2% in November, heading for its best month since October 2022.

On the bond markets, United States 10-Year rates were extended to fresh 10 week lows of 4.259%.