U.S. stock futures were down on Wednesday, with S&P 500 futures slipping 0.2%, the Dow Jones Industrial Average dropping over 210 points, and the Nasdaq 100 declining by 0.3%, following a tepid session the day before.
Wall Street futures point to a lower open
Traders are analyzing a wave of new corporate earnings reports, with Coca-Cola’s shares falling over 2% in premarket trading, despite surpassing earnings expectations and raising its full-year growth forecast. Starbucks saw a 4% drop after reporting lower net revenue and profit due to decreased demand in the U.S. Tesla's stock was down 0.5% ahead of its quarterly earnings report, set to be released after the market closes.
Eyes on McDonald's
Additionally, McDonald’s shares fell around 6% after the CDC reported an E. coli outbreak linked to its Quarter Pounder burgers, resulting in ten hospitalizations and one death. Conversely, AT&T saw a 2.8% increase in premarket trading after its subscriber count exceeded expectations.
