Tesla misses badly but Nasdaq 100 futures on the charge

Last night just after the closing bell, the eagerly awaited Q1 earnings report from Tesla missed on market expectations, on both revenue and EPS. Prior to that the index had rebounded into the close, ending the session 468 points higher, at 18,276. The news from Tesla was subsequently absorbed too and as expected, the markets were not exactly surprised by that earnings report. The later further surge in the Nasdaq 100 futures came as a result of those Trump comments on the Fed boss. That saw the index price the opening for today as high as 18,690 and it is not far off that high right now. The results from SAP have helped too, by the looks of it, but more on that a little later. The index was also helped by comments from Scott Bessent, regarding the prospect of a US trade deal with China. The Nasdaq 100 is currently priced to reopen around 18,615