Market Responds Positively to Tech Giants' Earnings Reports

As the sun rose over the financial markets, US stock futures showed an upward trajectory this Thursday. The surge was fueled by Meta's impressive Q1 revenue and Microsoft's stellar fiscal Q3 results, both of which exceeded analysts' expectations. Investors are now turning their attention to upcoming economic indicators and earnings reports from major corporations.

Key Economic Indicators and Earnings on the Horizon

Today's trading session is set to be a busy one, with weekly jobless claims and Challenger job data on the agenda. Additionally, earnings reports from CVS Health, Eli Lilly, Moderna, and McDonald's are eagerly anticipated in the early hours, followed by updates from Apple, Airbnb, Reddit, and Amazon later in the day.

Market Movements at a Glance

At 4:11 am ET, the Dow Jones Industrial Average had climbed by 0.26%, while the Nasdaq 100 saw a 0.53% increase. The S&P 500 wasn't far behind, growing by 0.43%. Meanwhile, the euro experienced a slight dip, losing 0.10% against the dollar to trade at $1.13192 by 4:12 am ET.