Market Rally Fueled by Tech Giants

As the sun rose over Wall Street, US stock market futures signaled a promising start to Thursday's trading session. The optimism was largely driven by Meta's impressive Q1 revenue and Microsoft's robust fiscal Q3 results, both surpassing analysts' expectations. Investors are now keenly awaiting a slew of economic indicators and earnings reports that could further influence market directions.

Key Economic Indicators on the Horizon

Today's trading agenda is packed with critical data releases, including weekly jobless claims and Challenger job data. Additionally, earnings reports from healthcare and consumer giants like CVS Health, Eli Lilly, and McDonald's are set to provide fresh insights into the health of the US economy. The tech sector remains in the spotlight with Apple, Airbnb, Reddit, and Amazon slated to report later in the day.

Market Movements at a Glance

By early morning, the Dow Jones Industrial Average had climbed 0.26%, while the Nasdaq 100 and S&P 500 saw gains of 0.53% and 0.43%, respectively. In currency markets, the euro experienced a slight dip, trading 0.10% lower against the dollar at $1.13192.