US equity futures and Asian stock index contracts rose in tandem after some of the biggest beneficiaries of the artificial intelligence boom reported strong earnings, reviving optimistic sentiment toward technology stock trading.
Nasdaq 100 index futures climbed 0.7%. SpaceX reported quarterly net profit that far exceeded expectations, sending its shares up about 7% in after-hours trading. S&P 500 futures gained 0.2%, after the benchmark index closed 0.3% higher on Tuesday. Stock index futures in Australia, Japan, and South Korea all moved higher.
Super Micro Computer also beat expectations, lifting the AI infrastructure sector in after-hours trading, with the stock surging 15% after the bell, while Netflix fell on guidance that missed estimates.
In Australia, Nextdc slashed its guidance and restarted its capital expenditure plan, causing its shares to plunge 44%.
In other markets, crude oil stabilized after volatile trading on Tuesday as traders continued to interpret various headlines about ending the US-Iran conflict, with Brent crude near $109 a barrel. Long-dated US Treasuries outperformed, weighing on the dollar.
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Strong AI Earnings Lift US Equity Futures as Tech Optimism Rebounds
Deep News10-21 07:40
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