Despite a broad decline in the U.S. stock market, driven by a sharp rise in Treasury yields and a 1.60% drop in the Nasdaq, index futures are showing signs of recovery across the board—except for the Dow.
As of Wednesday 6:30 p.m. in the New York stock market, Dow futures are down 0.15%, while Nasdaq futures and S&P 500 futures are up 0.31% and 0.06%, respectively.
Notably, Nasdaq futures are experiencing a significant increase.
This seems to be due to Tesla’s earnings announcement, which exceeded market expectations and caused its stock to surge more than 12% in after-hours trading.
Tesla’s stock is trading at $239.37 in after-hours trading, reflecting a dramatic 12.04% increase.
This is due to Tesla announcing earnings that exceeded market expectations.
In particular, earnings per share (EPS) surged. Tesla reported an EPS of $0.72, significantly exceeding the market forecast of $0.58. This sharp increase in net profit is attributed to the sale of regulatory credits.