Market Reacts to Positive Earnings Reports

Early trading on Thursday saw a rise in US stock market futures, buoyed by stronger-than-expected earnings from tech giants Meta and Microsoft. Investors are now turning their attention to upcoming economic indicators and further earnings reports from major corporations.

Key Economic Indicators on the Horizon

Traders are keenly awaiting the release of weekly jobless claims and Challenger job data. Additionally, earnings reports from CVS Health, Eli Lilly, Moderna, and McDonald's are set to provide further market direction, with tech behemoths Apple, Airbnb, Reddit, and Amazon also on the docket for later in the day.

Market Movements in Early Trading

By 4:11 am ET, the Dow Jones Industrial Average had climbed by 0.26%, while the Nasdaq 100 and S&P 500 saw increases of 0.53% and 0.43%, respectively. In currency markets, the euro dipped slightly against the dollar, trading at $1.13192.