Dow, S&P 500 and Nasdaq futures slide as oil tops $100, Tesla slips after earnings

🏗️ Why United Rentals shares are trading higher by around 15%

Shares of United Rentals Inc rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance.

United Rentals reported quarterly earnings of $9.71 per share which beat the analyst consensus estimate of $8.97 per share.

The company reported quarterly sales of $3.985 billion which beat the analyst consensus estimate of $3.877 billion.

United Rentals shares jumped 14.6% to $920.05 in pre-market trading. Benzinga reports.


💻 TSMC shows smaller, faster chips without a pricey new tool from ASML

Taiwan Semiconductor Manufacturing Co on Wednesday showed its newest generation of chip manufacturing technology, saying it expects to be able to create smaller, faster chips without requiring expensive new machines from ASML.

TSMC, the global giant that makes chips for Nvidia, Apple and Google, among many others, showed two improvements of chipmaking technology: one called A13, which will go into production in 2029 and likely be used for artificial intelligence chips, and one called N2U, a more affordable option that can be used to make chips for phones and laptops, as well as AI chips. Yahoo Finance reports.


📡 AI boom lifts Nokia sales, shares hit 16-year high after earnings beat

Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market expectations for quarterly comparable operating profit, sending its shares to their highest level in 16 years.

Comparable operating profit jumped 54% to 281 million euros ($329 million) in the first quarter of 2026.

That was above the average estimate of 250 million euros from analysts polled by Infront.

Nokia's shares rose nearly 7% in early Helsinki trading, touching their highest price since April 2010, when it was still known as a phone company. Yahoo Finance reports.


🧠 Lam Research stock jumps after record quarter, stronger forecast points to more AI chip spending

Lam Research jumped roughly 4% after hours as the chip-equipment maker reported all-time high revenue and profit for the March quarter, and its outlook for June topped analyst estimates.

Adjusted earnings landed at $1.47 per share on $5.84 billion in revenue, both beating expectations of $1.36 a share and $5.75 billion.

The figures have implications that stretch past just Lam.

Makers rely on Lam’s wafer fabrication equipment to build semiconductors, so the company’s backlog offers a glimpse into ongoing demand for AI processors and memory.

Wednesday brought an update: Lam bumped its 2026 wafer fabrication equipment forecast up to $140 billion, saying the risks lean toward even higher numbers. TechStock² reports.


✈️ Spirit Airlines may get a bailout. What’s in it for U.S. taxpayers?

Ultralow-cost Spirit Airlines is fighting for its survival at a tricky time for airlines, which are cutting flights and raising fares and fees to stay ahead of soaring jet-fuel prices.

Spirit, however, might have an ace up its sleeve: it seems to have captured President Donald Trump’s attention. MarketWatch reports.


🔋 QuantumScape posts quarterly earnings results, beats expectations by $0.02 EPS

QuantumScape announced its quarterly earnings results on Wednesday.

The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02.

During the same period in the prior year, the company posted ($0.21) earnings per share. MarketBeat reports.

Time (ET) | Report | Period

8:30 AM - Initial jobless claims - April 18
9:45 AM - S&P flash U.S. services PMI - April
9:45 AM - S&P flash U.S. manufacturing PMI - April

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