Investing.com-- S&P and Nasdaq futures rose in evening deals on Wednesday as stronger-than-expected earnings from Tesla helped improve sentiment, although Wall Street was still nursing steep losses from the session.
The earnings beat was fueled chiefly by improved margins, with the electric vehicle also forecasting a mild growth in deliveries for the year. The stock is the first of the so-called “Magnificent Seven” to report this earnings season, with its positive reading drumming up hopes of a similar trend from Tesla’s peers, which are due to report in the coming weeks.Wall Street indexes fell on Wednesday as anticipation of a tight presidential election and relatively higher U.S. interest rates dented risk appetite. Treasury yields rose, pressuring technology stocks the most.