AMD and SpaceX shares fell after earnings, while Arista and Eli Lilly gains pushed major indexes to new highs.
Dow Jones and S&P 500 futures rose modestly in overnight trading, extending a market rally that saw both indexes close at record highs. Nasdaq futures remained nearly flat after the composite crossed its 50-day moving average in the previous session.
AMD stock dropped despite beating Wall Street’s second-quarter earnings targets, as investors reacted to a cautious sales outlook. SpaceX also declined following its earnings report. Meanwhile, Arista Networks and Eli Lilly shares climbed, supporting broader market gains.
The S&P 500 and Dow Jones Industrial Average both notched all-time highs, reflecting sustained investor optimism amid mixed corporate results.