Stocks – U.S. Futures Slightly Higher Ahead of Tech Earnings 

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEB4G09M_M.jpg
© Reuters. © Reuters.

Investing.com – U.S. futures were higher on Thursday, supported by upbeat results from Microsoft (NASDAQ:) and Tesla (NASDAQ:) after the bell on Wednesday

Microsoft (NASDAQ:) beat expectations for its fiscal first-quarter earnings after the closing bell on Wednesday and raised its guidance for cloud bookings in the current quarter. The tech company gained 1% in premarket trade.

Other companies expected to report on Thursday include Amazon (NASDAQ:), Comcast (NASDAQ:), American Airlines (NASDAQ:), Twitter (NYSE:) and Intel Corporation (NASDAQ:).

jumped 35 points or 0.5% by 6:53 AM ET (10:53 GMT), while rose 18 points or 0.1% and S&P 500 futures were up 3 points or 0.1%.

Tesla (NASDAQ:) surged 18.5% after a surprise profit from the electric car company, while PayPal was up 8% after a solid third quarter.

Elsewhere, eBay (NASDAQ:) slipped 6.6% after the online marketplace operator cut its sales and earnings outlook for the year, while Ford (NYSE:) dipped 4.1% after cutting its yearly outlook.

On the data front, and come out at 8:30 AM ET and data is released at 10:00 AM ET.

In commodities, lost 0.2% to $1,492.55 a troy ounce, while the , which measures the greenback against a basket of six major currencies, inched up 0.1% to 97.282. declined 0.6% to $55.64 a barrel.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment