Stock futures in the U.S. rose on Thursday, following two consecutive days of gains for major market indexes.
Futures linked to the Dow Jones Industrial Average increased by 102 points, or 0.23%. Meanwhile, S&P 500 futures and Nasdaq 100 futures saw rises of 0.25% and 0.28%, respectively.
Semiconductor Stocks Struggle in After-Hours Trading
Despite the positive broader market performance, semiconductor stocks saw declines in after-hours trading. Qualcomm, Arm, and Skyworks Solutions each dropped by approximately 5%, 6%, and 23%, respectively, after releasing their latest quarterly earnings. Additionally, Ford Motor saw a nearly 5% drop following a forecast of a challenging 2025 for the company.
Market Uptrend Following Back-to-Back Gains
These movements came after major indexes posted another day of gains. During the regular trading session, the Dow Jones surged by 317.24 points, or 0.71%. The S&P 500 and Nasdaq Composite gained 0.39% and 0.19%, respectively, bolstered by strong performances from companies like Nvidia.
Investor Sentiment Shifts Amid Trade Concerns
Investors appeared less concerned about recent tariff announcements, which began on Monday after President Donald Trump imposed a 10% tariff on Chinese imports. Market sentiment improved after the president paused duties on goods from Mexico and Canada.
“I think the market is coming around to a view I have, which is that this too shall pass,” said Ed Yardeni, president of Yardeni Research, on CNBC’s Closing Bell. “The market is focusing on what’s important, and that is earnings. The earnings outlook is extremely good.”
Companies to Watch on Thursday
Major companies are set to release their quarterly results on Thursday, including Eli Lilly, Yum Brands, and Amazon. Investors will also keep an eye on the latest data regarding weekly jobless claims.
Related topics:
