US Stocks Set To Open Higher As Tesla's Strong Profit Margins Win Over Wall Street: Wharton Economist Says 'Under-Loved' Bull Market Could See 'Significant Upside'

Investors could see some respite on Wall Street as the index futures point to a positive start on Thursday after three straight days of losses. EV giant Tesla Inc. (NASDAQ:TSLA) blew past expectations in terms of margins and earnings per share (EPS), although it missed revenue expectations.

Dow Jones experienced its worst session in over a month, while megacap stocks like Nvidia Corp. (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL) fell by over 2%. Amid this, Nvidia supplier SK Hynix reported a record quarterly profit on the back of a boom in artificial intelligence.

Boeing Co. (NYSE:BA) reported a loss in its third quarter, while AT&T (NYSE:T) posted better-than-expected earnings.

Tesla will be among the stocks in focus today. Dow Inc. (NYSE:DOW), American Airlines Group Inc. (NASDAQ:AAL), United Parcel Service Inc. (NASDAQ:UPS), Honeywell International Inc. (NASDAQ:HON), Northrop Grumman Corp. (NYSE:NOC), and Southwest Airlines Co. (NYSE:LUV) are scheduled to announce their earnings today.

Investors will also keep a close eye on Boeing after its machinists rejected a 35% wage hike deal and extended their ongoing strike against the company. Workers were dissatisfied with the pension plan and wanted a bigger hike to deal ...