us stock index futures were mostly lower on thursday as disappointing results from tesla and netflix weighed on the nasdaq while the dow held on to marginal gains on wednesday the dow jones industrial average rose 109 points or 031 to 35061 the sp 500 increased 11 points or 024 to 4566 and the nasdaq composite gained 4 points or 003 to 14358 investors were reminded thursday that when stocks rise swiftly and are afforded rich valuations earnings results that are good on the surface still may not be good enough the sp 500 index and the nasdaq composite closed the previous session at 15month highs after jumping 189 and 372 respectively for the year to date as cooling inflation has revived hopes that the federal reserve can soon stop raising borrowing costs helping drive those gains were tesla tsla up 136 so far in 2023 to sport a pricetoprojected 2023 earnings ratio of 86 and netflix nflx up 62 and a pe ratio of 42 according to factset but results and comments from both market darlings released after wednesdays close have been found wanting shares in tesla were off 4 in premarket action and netflix was sliding 8 dragging futures for the techfocused nasdaq 100 lower netflix missed sales estimates and issued lowerthanexpected q3 guidance while teslas results showed shrinking profitability with squeeze on margins said henry allen strategist at deutsche bank susannah streeter head of money and markets at hargreaves lansdown said that both could be vulnerable to a deterioration in household sentiment concerns are growing that a slowing economy combined with the erosion of lockdown savings will weigh further on spending on discretionary goods and services particularly bigticket items like cars and nice to have but not necessary streaming accounts in the months ahead said streeter still the earnings come thick and fast america airlines aal johnson  johnson jnj and blackstone bx are among those delivering figures before the opening bell while after the close its the turn of capital one cof csx csx and first financial bank ffbc to name a few on the economicdata front weekly jobless claims data showed the number of americans applying for unemployment benefits fell to a twomonth low of 228000 meanwhile the philadelphia feds gauge of manufacturing activity came in at negative 135 in july up from 137 during the prior month june existing home sales and leading economic indicators will be released at 10 am this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal