Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Super Micro Computer (SMCI), Celsius Holdings (CELH) and Upstart Holdings (UPST) were notable earnings movers overnight.
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Penn Entertainment (PENN) and DraftKings (DKNG) swung in opposite directions after hours.
The stock market rally retreated Tuesday, with the S&P 500 and Nasdaq composite sliding toward the 50-day moving averages before paring losses significantly. Weak China economic data, bank credit rating concerns and earnings-related sell-offs took a toll, with Datadog (DDOG) among the many software casualties.
On the plus side, weight-loss drug leaders Eli Lilly (LLY) and Novo Nordisk (NVO) skyrocketed on news. Lilly easily beat Q2 views and raised guidance, while Novo Nordisk said its weight-loss drug Wegovy cut heart disease risks by 20%.
Three of the “Magnificent…
