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Wall Street Pauses Ahead of Tesla Results as Netflix Falls and DraftKings Rises

Investor focus shifts to Tesla's after-hours report that could set the tone for tech earnings.

Overview

  • U.S. stock futures were little changed after the Dow’s recent record, with Bloomberg reporting that 85% of early S&P 500 results have topped profit estimates.
  • Tesla reports after the closing bell as the first of the Magnificent Seven this season, with Visible Alpha consensus calling for $26.6 billion in revenue and $1.5 billion in net income.
  • Netflix shares fell premarket after revenue and profit missed expectations, and a 10% Brazilian tax charge reduced operating income, according to Co-CEO Gregory Peters.
  • DraftKings agreed to acquire Railbird Technologies to move into prediction markets, and the stock gained more than 3% in early trading.
  • Gold extended its pullback from record highs, sliding about 1.4% after a nearly 6% drop in the prior session.