S&P 500 futures are little changed after index posts three straight losing days: Live updates
Futures linked to the S&P 500 traded near the flatline Wednesday night after the index notched a three-day run of losses.
S&P 500 futures added 0.1%, while Nasdaq 100 futures rose 0.3%. Dow futures slid 65 points, or nearly 0.2%
In after-hours trading, Tesla surged 11% after the electric vehicle manufacturer beat the Street's profit expectations in the third quarter. Tech giant International Business Machines fell nearly 3% as consulting revenue narrowly missed analysts' estimates.
The Dow ended Wednesday's session with its biggest one-day loss since early September, dropping more than 400 points, or 0.96%. The S&P 500 slipped 0.92%, and the Nasdaq Composite fell 1.6%. It was the third straight losing day for the Dow and the S&P 500.
Wednesday marked the third consecutive day of losses for both the Dow and the S&P 500. The 10-year Treasury yield has been marching higher this week, topping the 4.25% threshold on Wednesday at the high of the session. The run-up in yields has kept stocks under pressure as of late.
Paul Hickey, the co-founder of Bespoke Investing Group, said that he wouldn't read too much into the recent sell-off in stocks.
"It's a rough day today, but you just have to put it in the perspective of what we've seen over the last six weeks. Part of this rally has been driven by the fact that earnings results — to start with, the big banks — were very strong, and their stock price reactions were also positive," he said on CNBC's "Closing Bell: Overtime" on Wednesday afternoon. "It's a rough day, but these days happen."
Hickey cautioned that the market might experience a slight pullback after November's U.S. presidential election. Still, he reassured that the market would find its footing after the matter.
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