For the second consecutive day early action is dominated by a surge in Nasdaq futures after a well-received set of results from a tech-sector mega cap.
U.S. stock futures rose on Thursday after another set of well-received megacap results, this time from Meta Platforms.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 229 points, or 0.68%, to 33302, the S&P 500 SPX declined 16 points, or 0.38%, to 4056, while the Nasdaq Composite COMP gained 55 points, or 0.47%, to 11854. “Banking sector concerns are once again clouding the risk landscape as Wall Street witnessed a late day sell off as investors were reluctant to hold meaningful risk exposure given the pressure on regional banks. However, as was the case the day before, an overnight bid has developed driven by better than expected earnings numbers from Facebook parent Meta platforms,” said Patrick Munnelly, market analyst at TickMill Group.
U.S. economic updates set for release on Thursday include the reading of first quarter GDP alongside weekly initial jobless claims at 8:30 a.m. Eastern. Pending home sales for March will be published at 10 a.m.
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