Nasdaq futures were underperforming early Thursday, after results from Tesla and Netflix were not very well received by traders.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA rose 109 points, or 0.31%, to 35061, the S&P 500 SPX increased 11 points, or 0.24%, to 4566, and the Nasdaq Composite COMP gained 4 points, or 0.03%, to 14358. Helping drive those gains were Tesla TSLA , up 136% so far in 2023, to sport a price-to-projected 2023 earnings ratio of 86, and Netflix NFLX , up 62% and a P/E ratio of 42, according to FactSet.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said that both could be vulnerable to a deterioration in household sentiment.
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