US pre-open: Stocks to nudge up ahead of more key earnings

(Sharecast News) - US stock futures pointed to a flat to marginally firmer open on Wall Street on Wednesday as investors eyed earnings from the likes of Goldman Sachs, Tesla and Netflix. At 1220 BST, Dow Jones Industrial Average and Nasdaq futures were up 0.1%, while S&P 500 futures were steady.

Joshua Mahony, chief market analyst at Scope Markets, said: "Wall Street is continuing to work its way higher with futures eyeing fresh gains at Wednesday's opening bell. With the Dow having recorded its longest running streak in more than two years, the positive sentiment shows no signs of abating and with commentators continuing to scale back the threat of recession, the question is arguably just how long this bull run can last for in a world of more normalised monetary policy.

"Earnings remain in focus with Goldman Sachs due ahead of the bell. There are some suggestions that this could be an outlier against the run of good news from the sector, but more significant will be those numbers from Tesla and Netflix, both of which have the ability to act as a barometer of consumer confidence on a domestic and international scale."

On the macro front, housing starts and building permits for June are due at 1330 BST.

In corporate news, meanwhile, Carvana jumped 17% in pre-market trade after the online auto retailer secured a deal to reduce around $1.2bn in debt.