U.S. stock futures remained relatively stable Wednesday night (Thursday AEDT) following the S&P 500's strongest performance since November, driven by a moderate inflation report and impressive bank earnings.
By 10:15 am AEDT (11:15 pm GMT) The Dow Jones Industrial Average futures rose 0.05%, S&P 500 futures edged up 0.01%, while Nasdaq 100 futures dipped 0.04%.
In extended deals, H.B. Fuller dropped 1.1% following lower-than-expected Q4 earnings per share (EPS) and revenue, citing unexpected volume deceleration and delayed price increase realisation.
Concentrix Corporation fell 5.2% due to disappointing FY2025 guidance, despite beating Q4 estimates.
Social media stocks Snap and Meta declined 2% and 1.2% respectively amid rumours of a potential Trump executive order to save TikTok.
During Wednesday's regular session, major indices saw significant gains. The Dow Jones Industrial Average surged 1.7%, the S&P 500 rallied 1.8%, and the Nasdaq Composite advanced 2.5%.
Tech stocks performed exceptionally well, with Tesla and Nvidia rising 8% and 3.4% respectively. Bitcoin also briefly surpassed US$100,000 during the session.
Looking ahead, investors are anticipating the December retail sales report on Thursday, expected to show a 0.6% increase, while Morgan Stanley and Bank of America are set to report earnings, concluding the big banks' earnings season.