US stocks turn to gains in premarket trading

Wednesday, 19. October 2022 12:02

Major US stock markets traded higher in Wednesday's premarket session amid the release of new earnings reports from major companies and ahead of new economic data.

Yesterday Netflix posted better-than-expected results. The firm said its third-quarter fiscal 2022 revenue rose 5.9% to $7.93 billion, with 2.41 million subscribers. On the other side, United Airlines Q3 revenue surged 65% to $12.9 billion. Today Tesla and IBM will post their corporate results in after-hours trading.

The Dow Jones gained 0.31% at 6:01 am ET, while the Nasdaq 100 added 0.73%, and the S&P 500 rose 0.47%. The euro traded 0.41% lower against the dollar, going for 0.98143 at 5:57 am ET.

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