Stock Futures Steady Following Latest Earnings Reports
U.S. stock futures remained largely unchanged on Thursday after the major indices recorded back-to-back gains, as investors assessed the latest corporate earnings results.
Futures linked to the Dow Jones Industrial Average hovered near the flatline, while S&P 500 and Nasdaq 100 futures also showed little movement.
Semiconductor stocks declined in extended trading, with Qualcomm, Arm, and Skyworks Solutions dropping approximately 5%, 4%, and 29%, respectively, following their latest quarterly reports. Ford Motor shares also slipped nearly 5% after the company issued a cautious outlook for 2025.
Honeywell shares saw a decline of over 4% after the company released full-year earnings guidance that fell short of analyst expectations.
These movements came after a second consecutive day of gains for major stock indices. The Dow added 317.24 points, or 0.71%, during Wednesday’s regular session. The S&P 500 and Nasdaq Composite advanced 0.39% and 0.19%, respectively, helped by a surge in Nvidia shares.
Investors appeared to shrug off concerns surrounding tariffs, which emerged earlier in the week following President Donald Trump’s announcement of a 10% levy on Chinese imports. Market sentiment improved after the president decided to pause duties on goods from Mexico and Canada.
Market analysts suggest that investors are refocusing on corporate earnings rather than external macroeconomic concerns. The earnings outlook remains optimistic, with strong performances expected from various sectors.
Major companies scheduled to report on Thursday include Eli Lilly, Yum Brands, and Amazon. Additionally, traders will be monitoring the latest weekly jobless claims data for further economic insights.
Prices were correct at the time of writing.
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