As investors considered the most recent corporate earnings reports—which included impressive performance from Meta Platforms—stock futures increased on Thursday.
While Nasdaq-100 futures increased by about 0.6%, S&P 500 futures saw a 0.5% increase. The Dow Jones Industrial Average futures saw a 39-point, or 0.1%, increase.
A 7% increase in Meta Platforms was driven by better-than-expected second-quarter performance and optimistic guidance.
Arm Holdings fell 10% following the release of a lacklustre current-quarter guidance. The S&P 500 increased 1.6% for its biggest day since February during a successful session for stocks.
While the Dow ended the day marginally higher, the Nasdaq surged by more than 2%.
Source (CNBC)
