Futures Improve Thursday



Stock futures were higher Thursday as traders mulled over the release of earnings reports from major tech firms and the latest Federal Reserve rate decision.

Futures for the Dow Jones Industrials acquired 35 points, or 0.1%, to 49,202.

Futures for the broader index grabbed 15.5 points, or 0.2%, at 7,022.75.

Futures for the NASDAQ captured 62.25 points, or 0.2%, to 26,218.50.

Meta Platforms added 8% after the Facebook parent gave a stronger-than-expected first-quarter sales forecast. Microsoft shares fell 6% as cloud growth slowed in the fiscal second quarter and the company gave soft guidance on operating margin in the fiscal third quarter.

Tesla shares advanced 3% after the company’s fourth-quarter results beat expectations.

Markets in Japan barely moved Thursday, while the Hang Seng in Hong Kong gained 0.5%.

Oil prices jumped $1.52 cents to $64.73 U.S. a barrel.

Spot gold surpassed the $5,500 mark in overnight trading, and it was last up nearly 3%. The yellow metal, long viewed as a safety asset, has been surging to new records as the U.S. dollar continues to slide. The price soared $213.30 to $5,516.90.

US Market Updates