stock-futures-drop,-implying-reverse-in-earnings-season-rally

Stock Futures Drop, Implying Reverse in Earnings-Season Rally

U.S. stock futures were down Wednesday evening as markets appeared to reverse course following two days of consecutive gains for the major indexes. 



T


he indexes rose Tuesday on an especially strong day for tech stocks. The S&P 500 gained 0.6% and the Dow Jones Industrial Average finished up 0.2%, while the tech-heavy Nasdaq Composite added 1.6%.


Netflix


(ticker:


NFLX


), which reported earnings on Tuesday afternoon that co-chief executive Reed Hastings deemed as “less bad results,” was one of the leaders, rising 7.4%.