Mixed Results for Wall Street Earnings Impact Stock Futures.

1 min read
Source: CNBC
Mixed Results for Wall Street Earnings Impact Stock Futures.
Photo: CNBC
TL;DR Summary

US stock futures were mostly flat on Thursday night as Wall Street processed earnings results. The Dow and S&P 500 are on track for their worst weekly performances since March. Tesla shares weighed on the Nasdaq, tumbling nearly 10% the day after the company posted first-quarter net income that declined sharply from the year-ago quarter. Investors took cash out of money market funds in the largest dollar outflow since July 2020. Individual investors' pessimism toward stocks was above average for the 69th week out of the past 74 weeks, according to the American Association of Individual Investors. Cathie Wood of Ark Invest updated her price target for Tesla to $2,000 by 2027, citing the potential of a robotaxi boom.

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