US stock futures steady, focus on earnings and claims
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US stock futures were mostly flat on Thursday after a strong rally the previous day, which saw the S&P 500 reach a new record high.
US stock futures steady, focus on earnings and claims
On Wednesday, the Dow rose by 0.3%, and the S&P 500 gained 0.61%, while the tech-heavy Nasdaq Composite surged by 1.28%. These gains came from strong earnings reports and growing investor optimism surrounding President Trump's policies, with expectations of tax cuts and deregulation fueling hopes for economic growth and higher corporate profits. Notable earnings include Netflix, which soared 9.7% following a record increase in new subscribers, and Procter & Gamble, which gained 1.9% on solid quarterly results.
Oracle rises on AI deal; markets await earnings, jobless data
Oracle also jumped 6.8% after announcing a joint venture with SoftBank and OpenAI, tied to a $500 billion AI investment initiative. Investors are now paying attention to additional earnings reports and Thursday's jobless claims data for further market direction.
