Stock market news live updates: Stock futures tick higher after rush of better-than-expected earnings

Stock market news live updates: Stock futures tick higher after rush of better-than-expected earnings

U.S. stock futures edged higher heading into overnight trading Wednesday after Wall Street’s main benchmarks were lifted by an influx of strong corporate earnings in an upbeat earlier session.

The Walt Disney Company (DIS), a component of the Dow, unveiled first quarter 2022 results after the bell on Wednesday that sharply beat estimates. Better than expected growth for the entertainment giant’s streaming service Disney+ and a recovery in theme park attendance sent shares up as much as 9% after the report. Uber (UBER) also posted results after market close, revealing quarterly revenue that topped analyst forecasts and indicated headwinds caused by the Omicron COVID surge have eased.

In Wednesday’s main session, Chipotle Mexican Grill's (CMG) was in the spotlight when shares popped after the fast-casual restaurant chain posted a quarterly earnings beat and saw margins expand, despite concerns over food price inflation and labor costs.