FX.co ★ US Futures Edge Higher

US stock futures were mostly higher on Wednesday, with S&P 500 futures up 0.2% and Nasdaq 100 futures advancing 0.7%, while Dow Jones futures added about 30 points, as investors digested a new round of corporate earnings.

SpaceX reported a sharp increase in third-quarter revenue, and Elon Musk raised the possibility of a merger with Tesla, helping to ease concerns about the durability of the global AI investment boom. SpaceX shares jumped more than 8% in premarket trading, while Tesla rose 1.4% ahead of its earnings report due after the closing bell. Super Micro Computer surged nearly 12% after delivering stronger-than-expected results.

On the downside, Netflix slumped 6.5% after issuing a weaker-than-anticipated forecast, and AT&T slipped 4.1% despite topping earnings estimates. Philip Morris fell 2.5% as its guidance failed to impress investors. Meta, also set to report earnings later in the day, edged about 0.6% lower.