(MENAFN- Baystreet.ca) Futures Soar on Meta Earnings
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U.S. stock futures rose Thursday, boosted by strong results from Meta Platforms.
Futures for the Dow Jones Industrials popped 141 points, or 0.4%, at 33,565.
Futures for the S&P 500 acquired 21.5 points, or 0.5%, to 4,097.50.
Futures for the NASDAQ Composite rocketed 115 points, or 0.9%, to 13,002.75.
Meta shares leapt 11% as the company reported quarterly revenue that beat analysts' expectations. The company also issued stronger-than expected guidance for the current period.
Caterpillar, often seen as a barometer of the global economy, turned down and traded more than 1% lower despite posting much better-than-anticipated results.
Meanwhile, First Republic shares tumbled almost 30%, as investors became concerned over the regional bank's health.
Tech giants Amazon and Intel will share their quarterly results after the closing bell Thursday.
Key economic data releases include the initial reading of U.S. gross domestic product for the first quarter, slated for 8:30 a.m. Weekly jobless claims are due at the same time. Other major data points include pending home sales for March and the Kansas City Federal Reserve's manufacturing index reading.
In Japan, the Nikkei 225 eked up 0.1% Thursday, while in Hong Kong, the Hang Seng jumped 0.4%.
Oil prices moved higher 33 cents to $74.63 U.S. a barrel.
Gold prices brightened 10 dollars to $2,006 U.S. an ounce.
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