Stock futures are little changed as investors digest more earnings news: Live updates
Stock futures showed little change on Thursday night as investors sought to maintain the market’s positive momentum. Futures for the Dow Jones Industrial Average slipped slightly, while S&P futures saw a small increase and Nasdaq 100 futures rose by 0.26%. In after-hours trading, DoorDash and Trade Desk experienced noticeable stock movements following their quarterly results. DoorDash shares fell due to a larger-than-expected loss, while Trade Desk shares rose after beating revenue estimates and providing an optimistic outlook. Applied Materials also saw a significant increase in stock value due to positive earnings. Amidst the news of higher-than-expected inflation and a decline in retail sales, the three major indexes closed in the green, with the S&P 500 reaching another record high above 5,000. The market’s performance this week has been relatively stable, with the Dow rising by 0.3%, while the Nasdaq has experienced a slight decrease. In other news, Treasury yields fell on Thursday, leading to a calmer market environment and decreased market volatility. Positive economic data has contributed to the repricing of rate cuts and a reduced likelihood of a hard-landing scenario.