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Barchart
Barchart
Oleksandr Pylypenko

Stocks Muted Before the Open With Earnings in Focus

December S&P 500 E-Mini futures (ESZ25) are up +0.01%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.08% this morning as investors digest quarterly results from major companies, including Tesla and IBM, and await a new batch of corporate earnings reports.

Tesla (TSLA) fell over -3% in pre-market trading after the EV maker posted weaker-than-expected Q3 adjusted EPS despite a sales surge. Also, International Business Machines (IBM) slumped more than -6% in pre-market trading after the technology services giant reported disappointing Q3 revenue in two key software categories. On the positive side, Medpace Holdings (MEDP) surged over +18% in pre-market trading after the company posted upbeat Q3 results and raised its full-year guidance.

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