Futures Lower After Tesla, IBM Quarterly Results

Futures Lower After Tesla, IBM Quarterly Results
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 20, 2021. Brendan McDermid/Reuters
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U.S. stock index futures edged lower on Thursday as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies.

Tesla Inc. fell 1 percent in premarket trading as it said on Wednesday its upcoming factories and supply-chain headwinds would put pressure on its margins after it beat Wall Street expectations for third-quarter revenue.