Earnings, Inflation Views Cap Wall Street Pre-Bell; Asia Mixed, Europe Up

07:13 AM EDT, 10/23/2025 (MT Newswires) -- Wall Street futures were muted pre-bell Thursday as traders weighed soft earnings reports from EV-maker Tesla (TSLA) and tech giant IBM (IBM), and looked forward to the next inflation bulletin from Washington.

Despite the lengthening federal government shutdown, now in its 23rd day, the Bureau of Labor Statistics will release its September consumer price index (CPI) bulletin at 8:30 am ET, on Friday.

In the futures, the S&P 500 and the Nasdaq hewed close to Wednesday closes, while the Dow Jones was off 0.1%.

Tesla traded down 3.4% pre-bell after the automaker posted thinner Q3 profits, despite stronger sales, late Wednesday. IBM declined 6.9% pre-bell after posting disappointing Q3 revenue, also in after-bell hours.

Asian exchanges traded choppily overnight on China-US trade outlooks. European bourses edged north midday on the continent, lifted by earnings-season results.

On the economic calendar is the Chicago Fed National Activity Index for September at 8:30 am ET, followed by the weekly EIA natural-gas supplies bulletin at 10:30 am.

The Kansas City Fed Manufacturing Index for October posts at 11 am.

Federal Reserve Vice Chair Michelle Bowman, and Governor Michael Barr are scheduled to speak on Thursday.

In pre-market action, bitcoin traded at $109,548, West Texas Intermediate crude oil traded higher at $61.60, and 10-year US Treasuries offered 3.99%. Spot gold traded for $4,114 an ounce.

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