U.S. stock futures waver even after Netflix earnings beat as Treasury yields rise

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Early gains for futures lost as Treasury yield rises further above 4%.

How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 551 points, or 1.86%, to 30186, the S&P 500 SPX increased 95 points, or 2.65%, to 3678, and the Nasdaq Composite COMP gained 354 points, or 3.43%, to 10676. The S&P 500 is up 4% from its 2022 closing low but remains down 22% for the year to date.

U.S. equity futures had been higher in the early hours after a well-received update from Netflix NFLX cemented the impression that the third-quarter earnings season would support the market. Earnings highlights on Wednesday include Procter & Gamble PG , and after the close, Tesla TSLA and IBM IBM .

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