U.S. stock futures were trading modestly higher on Thursday evening (Friday AEDT), after stock and bond markets remained closed for the Thanksgiving holiday.
By 10:20 am AEDT (11:20 pm GMT) Dow futures and S&P 500 futures added 0.2% apiece, while Nasdaq futures gained 0.3% ahead of Friday's shortened trading session.
On Wednesday, the stock market rally faltered, with major indices retreating before paring losses. Declining Treasury yields helped lift sentiment off session lows.
In tech, several high-profile stocks faced pressure. CrowdStrike, Workday, Nutanix, and Dell Technologies saw significant declines following earnings results.
Meanwhile, President-elect Donald Trump announced progress on U.S.-Mexico migration issues, claiming on Truth Social that Mexico’s President Claudia Sheinbaum had agreed to halt illegal border crossings.
Trump’s comments may ease concerns on Wall Street about his proposed tariffs on Mexico, Canada, and China, which he had pledged to impose on his first day in office.