Dow Jones Futures: Market Rally Hits 2023 Highs; Tesla Skids Late On These Elon Musk Comments

Dow Jones futures edged higher overnight, while S&P 500 futures and Nasdaq futures fell modestly. Tesla (TSLA) and Netflix (NFLX) headlined earnings Wednesday night.




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The stock market rally closed off Wednesday’s best levels, but the major indexes finished in positive territory after hitting fresh 52-week highs in the market. Market breadth was strong once again, but a number of leading stocks erased gains or reversed lower. The Nasdaq remains extended.

Apple (AAPL) hit a record high Wednesday on a Bloomberg report that it’s built an internal generative AI chatbot for its employees, known as Ajax. AAPL stock backed off but still closed slightly higher. The midday news knocked fellow Dow Jones giant Microsoft (MSFT) and Google parent Alphabet (GOOGL), though the chatbot leaders came off intraday lows.

TSLA stock fell solidly in after-hours trading after Tesla EPS and sales…

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