A trader works at the New York Stock Exchange.
Peter Kramer | CNBC
Stock futures swung near the flat line Wednesday night.
Futures linked to Dow Jones Industrial Average fell 14 points, or 0.04%. Nasdaq 100 Futures gained 0.03%, while S&P 500 Futures they changed little.
In after-hours operations, the electric vehicle giant tesla fell 4% after the company lost expectations on earnings and revenue in the third quarter. Tesla posted adjusted earnings of 66 cents per share on revenue of $23.35 billion, while analysts surveyed by LSEG anticipated earnings of 73 cents per share on revenue of $24.1 billion.
Elsewhere, Netflix Shares rose nearly 13% in extended trading after the streaming giant posted a third-quarter profit of $3.73 per share, beating analyst expectations of $3.49 per share, according to LSEG.
During regular trading on Wednesday, stocks sold off sharply as Treasury yields rose to multi-year highs. The 10-year Treasury yield surpassed 4.9%, hitting its highest level in 16 years. In turn, the S&P 500 fell 1.3%, while the 30 stocks Dow lost more than 330 points, or 0.98%. He Nasdaq Composite was the worst performer, with a drop of 1.6%.
Interest rates will be in the spotlight again on Thursday as traders look ahead. a keynote speech at noon ET from Federal Reserve Chairman Jerome Powell. Even as inflation figures have shown signs of improvement, the continued rise in Treasury yields is raising questions about how the central bank can proceed with monetary policy.
Other available economic data includes weekly jobless claims and existing home sales in September.
A number of regional banks will report their quarterly results on Thursday, including KeyCorp, Fifth Third and Truist Financial. American Airlines, Union Pacific and CSX are also scheduled to release results.
โ CNBC's Jeff Cox contributed to this story.
Correction: LSEG was previously known as Refinitiv. An earlier version incorrectly stated the company's previous name.
