US futures mostly higher as Wall Street digests earnings from SpaceX, Netflix

U.S. futures are higher as Wall Street digests the latest round of earnings reports while oil prices tick higher.Futures for the S&P 500 rose 0.2% on Wednesday, while those for the Nasdaq climbed 0.4%. Futures for the Dow Jones Industrial Average were nearly flat.Big expectations for earnings growth have pushed the U.S. stock market to record highs despite high inflation, higher interest rates and other challenges weighing on Wall Street.SpaceX's stock jumped more than 8% before the market open Wednesday as the Elon Musk-led company reported a bigger quarterly profit than expected as its satellite communications and artificial intelligence businesses boomed.Musk said SpaceX and Tesla have formed “special committees” to discuss a merger of the two companies, though he played down the chances of an imminent deal.Shares of Netflix dropped more than 6% in premarket trading as the streaming company lowered its ad sales guidance on Tuesday, prompting worries about slowing revenue growth. Net