April 24 - Futures tied to the S&P 500 and the Nasdaq rose on Wednesday, with Tesla at the helm of gains after its quarterly results, while most megacap growth names also offered support.
The earnings season was in full swing with Humana, opens new tab adding 3.7% after the health insurer beat first-quarter profit expectations. Wabtec, opens new tab advanced 4.4% after the heavy industrial parts maker raised its full-year profit forecast. "The large volume of company results this week gives investors a lot more to focus on than purely macro events, which is leading to the extra levels of market vitality," Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said in a note.
On the docket for the day is the durable goods data for March, due at 8:30 a.m. ET, with the much anticipated Personal Consumption Expenditures index reading for March, the Fed's preferred inflation gauge, due on Friday. Texas Instruments , opens new tab climbed 6.9% after the chipmaker forecast second-quarter revenue above analysts' estimates, signaling an uptick in demand for its analog semiconductors.
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