The major U.S. index futures are pointing to a mixed open on Thursday, as traders pause following a two-session rally early in the week. Mixed earnings could temper the market mood even as recession fears intensify
AT&T (NYSE:T) reported its Q3 earnings results on Thursday, October 20, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
AT&T beat estimated earnings by 11.48%, reporting an EPS of $0.68 versus an estimate of $0.61.
Pre-open movers
U.S. stock futures traded mostly lower in early pre-market trade on Thursday after closing lower in the previous session. The Dow Jones dropped by 100 points on Wednesday, ending a two-session winning streak.
The CNN Money Fear and Greed index showed some easing in the fear level among US investors.
US stocks ended lower on Wednesday, ending a two-session winning streak amid a sharp increase in Treasury yields.