On Wednesday, Nasdaq Futures exhibited a predominantly upward trend following a volatile trading session. Market participants expressed apprehension about the U.S.-China trade tensions and the persistent government shutdown. Nevertheless, robust earnings results for the third quarter eclipsed those drawbacks. The Dow concluded the trading session in negative territory, whereas both the S&P 500 and Nasdaq Composite recorded gains, finishing in positive territory. The tech-heavy Nasdaq Composite concluded at 22,670.08, reflecting an increase of 0.7% or 148.38 points, propelled by the robust performance of major technology firms. During the trading session, the tech-heavy index experienced a decline of 93.91 points at its lowest point, while at its peak, it surged by 320 points.

The Dow Jones Industrial Average experienced a decline of 17.15 points, concluding the session at 46,253.31. Significantly, 14 components of the 30-stock index concluded in positive territory, whereas 16 ended in negative territory. During the trading session, the blue-chip index experienced a decline of 422.88 points at its intraday high, while at its intraday low, the index was down by 243.23 points. The S&P 500 experienced an increase of 0.4%, concluding the session at 6,671.06. During the trading session, the benchmark index experienced a decline of 32.20 points at its lowest point, while it reached an increase of 79.81 points at its highest point. Among the 11 broad sectors of the market index, seven concluded in positive territory, whereas four remained in negative territory. The Real Estate Select Sector SPDR was up 1.5%, while the Utilities Select Sector SPDR increased by 1.3%, and the Technology Select Sector SPDR rose by 1%, respectively.

The CBOE Volatility Index, often referred to as the fear gauge, experienced a decline of 0.8%, settling at 20.64. On Wednesday, trading volume reached 21.5 billion shares, surpassing the 20-session average of 20.4 billion shares. The S&P 500 achieved 34 new 52-week highs alongside five new 52-week lows. The Nasdaq Composite recorded 154 new 52-week highs alongside 46 new 52-week lows. Bank of America Corp. reported quarterly adjusted earnings of $1.06 per share, surpassing the Zacks Consensus Estimate of $0.94 per share. This stands in contrast to adjusted earnings of $0.81 per share from the previous year. The company reported quarterly revenues of $28.09 billion, exceeding the Zacks Consensus Estimate by 2.96%. This stands in contrast to revenues of $25.35 billion from the same period last year. Morgan Stanley reported quarterly adjusted earnings of $2.8 per share, surpassing the Zacks Consensus Estimate of $2.08 per share. This stands in contrast to adjusted earnings of $1.88 per share from the previous year. The company reported revenues of $18.22 billion, exceeding the Zacks Consensus Estimate by 10.80%. This stands in contrast to revenues of $15.38 billion from the same period last year.

Prologis Inc. reported quarterly adjusted funds flow from operations per share of $1.49, surpassing the Zacks Consensus Estimate of $1.44. This presents a positive contrast to the figure of $1.43 from the same quarter last year. The company reported rental revenues of $2.05 billion, falling short of the Zacks Consensus Estimate of $2.10 billion. Nonetheless, the figure rose from the $1.90 billion recorded in the corresponding period of the previous year. Total revenues reached $2.21 billion, an increase from the $2.04 billion reported in the same quarter last year. As a result, the stock prices of Bank of America, Morgan Stanley, and Prologis increased by 4.4%, 4.7%, and 6.3%, respectively. The current U.S. government shutdown has persisted for three weeks. The Congress was unable to achieve a consensus between the Republicans and Democrats regarding the provision of stopgap funding for the government. Consequently, decision-makers, market participants, and traders are experiencing a deficiency in essential economic information. The Trump administration has communicated reduction-in-force notifications to over 4,000 federal employees. On October 30, the U.S. District Court in San Francisco issued a ruling that temporarily prevents the government from terminating federal employees.