Stocks Rally as Techs Rebound and Dow Extends Winning Streak

Stock futures are higher as traders assess corporate earnings results, with the Dow Jones Industrial Average attempting to extend its winning streak to 10 sessions. Transportation companies CSX and Knight-Swift fell in premarket trading after reporting underwhelming earnings. The broader indices reflect mixed earnings and economic data. Regional bank stocks are on track for their best week in over two years. Carvana's rally may be nearing its end, according to Piper Sandler. Treasury yields dip as investors consider the monetary policy outlook. TSMC shares fall after reporting its first profit drop in four years. South Korea's producer price index falls for the first time since November 2020. Japan's core inflation rate climbs slightly in June. The Dow shines with a nine-day rally and hits its highest levels in over a year.