United States stock futures traded slightly higher on Tuesday night (Wednesday AEST) as investors weighed whether the S&P 500 could maintain its momentum following back-to-back record closes, with attention now shifting to the first major tech earnings of the season.
By 9:30 am AEST (11:30 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 futures were trading 0.3%, 0.2%, and 0.1% higher, respectively.
In after-hours deals, Texas Instruments fell 11.9% despite reporting better-than-expected earnings per share (EPS) and revenue for the second quarter. The company’s third-quarter revenue guidance came in below expectations at the low end, dampening sentiment.
CoStar Group rose 2.7% after it posted adjusted EPS of $0.17 on US$781.3 million in revenue, beating expectations of $0.14 and $772.2 million.
Enphase Energy shed 7.8% after the solar tech firm topped Q2 expectations but offered a soft outlook. It forecast current-quarter revenue between $330 million and $370 million, slightly below the US$368 million expected.
Cal-Maine Foods jumped 4.8% as EPS surged to US$7.04, beating the $6.27 expected, while revenue rose to US$1.1 billion versus 909.4 million expected.
The after-hours action followed a mixed regular session in which the S&P 500 inched 0.06% higher, marking its 11th record close of 2025. The Dow climbed nearly 180 points, but the Nasdaq Composite dropped about 0.4% amid weakness in semiconductor stocks.
Looking ahead, market participants are keenly focused on earnings from Alphabet and Tesla, set for release during Wednesday's U.S. session. These mark the first reports from the closely watched “Magnificent Seven” megacap tech companies.
Investors are also watching reports from Hasbro before the open, followed by Chipotle Mexican Grill and Mattel after the close.
