Dow futures move higher, Disney lifts 2.5% after earnings

Investing.com - Stock futures rose in overnight trading on Wednesday, following modest gains among major benchmark indices, with investors monitoring incoming earnings results ahead of a key consumer price index reading that could affect the trajectory of interest rates in the future.

By 19:15 ET (23:15 GMT), Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were each up by 0.2%.

In extended deals, Walt Disney Company (NYSE:DIS) added 2.5%, reporting Q3 EPS of $1.03 versus $0.99 expected while revenues were reported at $22.33 billion versus $22.49B expected. The company also flagged a significant increase in its subscription services.

AppLovin (NASDAQ:APP) popped 24.2% after the company reported Q2 EPS of $0.22 versus $0.08 expected. Revenues came in at $750 million versus $723.97M expected.

The Trade Desk (NASDAQ:TTD) fell 3.5% after reporting Q2 EPS of $0.28 versus $0.26 expected, with revenues of $464M versus $454.71M expected.

Sonos (NASDAQ:SONO) lifted 4.6%, reporting Q3 EPS of $0.16 versus expected losses of $0.16 per share, while revenues came in at $373.4M versus $335.91M expected.

Ahead in Thursday's trade, investors will be closely monitoring headline inflation data, among expectations of a 3.3% rise, increasing slightly from last month's reading of 3%.

Among earnings, companies including Alibaba Group Holdings (NYSE:BABA), Credicorp (NYSE:BAP), News Corp (NASDAQ:NWS), and US Foods Holding (NYSE:USFD) are slated to report quarterly results.

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During Wednesday's trade, the Dow Jones Industrial Average fell 191.1 points or 0.5% to 35,123.4, the S&P 500 dipped 31.7 points or 0.7% to 4,467.7, and the Nasdaq Composite lost 162.3 points or 1.2% to 13,722.

On the bond markets, United States 10-Year rates were at 4.016%.