Thursday morning saw an upward surge in stock futures, following a temporary pause in the recent market rally. S&P 500 futures recorded a 0.5% increase, while Nasdaq 100 futures advanced by 0.66%. Similarly, Dow Jones Industrial Average futures showed a climb of 160 points, equivalent to 0.4%.
Postmarket activity showed Micron rising over 4% after surpassing Wall Street expectations for the first quarter of its new fiscal year. Furthermore, the company’s current-quarter guidance exceeded the consensus forecasts of analysts. Meanwhile, Salesforce experienced a 2% gain following an upgrade from Morgan Stanley.
These developments come in the wake of a down day on Wall Street, where investors opted to take profits after recent gains. The S&P 500 experienced a decline of nearly 1.5%, marking its worst day since September. Additionally, the Dow and Nasdaq also slipped by around 1.3% and 1.5% respectively, resulting in their worst sessions since October. This also interrupted the nine-day winning streaks of both indices.
Source (CNBC)
