Market Overview - US stock futures remained flat after a record-setting session for the Dow, with investors anticipating upcoming earnings reports, particularly from Tesla [1] - The Dow Jones Industrial Average reached an intraday record above 47,000, closing at an all-time high, driven by strong quarterly results from General Motors and Coca-Cola [3] Company Earnings - Netflix's stock dropped over 6% in premarket trading after missing profit and revenue expectations, despite raising guidance for the current quarter [2][12] - Texas Instruments' stock fell 8% in premarket trading due to a downbeat forecast for fourth-quarter profit and revenue, indicating concerns over the semiconductor industry's recovery [10] - Intuitive Surgical's stock surged 15% after exceeding Wall Street earnings expectations for the third quarter [11] Economic Indicators - Investors are awaiting the September Consumer Price Index report, which will influence expectations for the Federal Reserve's upcoming meeting, where a 25-basis-point rate cut is widely anticipated [5] Industry Developments - Google is reportedly in talks with Anthropic for a cloud deal potentially worth "tens of billions," indicating strong demand for AI and suggesting Google Cloud is gaining market share [7] - The semiconductor market is recovering, albeit at a slower pace than previous upturns, as noted by Texas Instruments' CEO, highlighting broader macroeconomic uncertainties [9]
Stock market today: Dow, S&P 500, Nasdaq futures hit pause as investors brace for Tesla earnings after Netflix disappoints